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deleverage

[dee-lev-er-ij, ‐lee-ver‐]
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verb (used without object), de·lev·er·aged, de·lev·er·ag·ing.
  1. to decrease financial leverage by paying off debt: Their balance sheet significantly improved after they deleveraged.
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verb (used with object), de·lev·er·aged, de·lev·er·ag·ing.
  1. to reduce the debt of: He drastically deleveraged the company to make it profitable.
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noun
  1. an instance of this: The economic crisis has forced a deleverage.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for deleverage

deleverage

verb
  1. finance (of an organization) to reduce the ratio of debt capital to equity capital
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012