leveraged buyout

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun 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.

• noun 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.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a buyout using borrowed money; the target company's assets are usually security for the loan