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leases

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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July 1, 2017 at 11:58 am #394470
adarsh1997
Participant
- Topics: 646
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Hi Mike!
Could you explain what’s the purpose of a of a sale and lease back? I mean, what’s the point of selling an asset and immediately leasing it back?
Thanks.
July 1, 2017 at 12:04 pm #394471
MikeLittle
Keymaster
- Topics: 27
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It releases the equity that is tied up in a long-term asset and converts it into readily available short-term funds
OK?
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