from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The use of a target company's asset value to finance the debt incurred in acquiring the company.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. 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.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a buyout using borrowed money; the target company's assets are usually security for the loan
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