American Heritage® Dictionary of the English Language, Fourth Edition
- n. The use of a target company's asset value to finance the debt incurred in acquiring the company.
- n. business A transaction in which a business firm, or a controlling share of a firm, is purchased using money which was borrowed by pledging all or some of the firm's assets as collateral.
- n. a buyout using borrowed money; the target company's assets are usually security for the loan
“Danby planned a leveraged buyout against Kandless a month ago.”
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