An "arrangement in which one party sells a property to a buyer and the buyer immediately leases the property back to the seller. This arrangement allows the initial buyer to make full use of the asset while not having capital tied up in the asset." [Investorwords.com]. This, in essence, amounts to taking out a mortgage on property already paid for. This describes which of the following? a direct financing lease an operating lease a capital lease a sale-leaseback

An "arrangement in which one party sells a property to a buyer and the buyer immediately leases the property back to the seller. This arrangement allows the initial buyer to make full use of the asset while not having capital tied up in the asset." [Investorwords.com]. This, in essence, amounts to taking out a mortgage on property already paid for. This describes which of the following? a direct financing lease an operating lease a capital lease a sate-ieaseback