| 单词 | leverage |
| 释义 | leverage leverage1. A US word, now increasingly used in the UK, for gearing. leveraged buy-out(LBO) The acquisition of one company by another through the use of borrowed funds. The intention is that the loans will be repaid from the cash flow of the acquired company. In the 1980s many takeovers in the USA were financed by the issue of junk bonds in highly leveraged buyouts. More recently, LBOs have become associated with the activities of private equity firms. |
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