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| de·lev·er·age [ dee lévvərij ] (past and past participle de·lev·er·aged, present participle de·lev·er·ag·ing, 3rd person present singular de·lev·er·ag·es) |
transitive and intransitive verb |
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| Definition: |
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reduce debt owed by business: to reduce the amount of debt that a company owes, usually by laying off workers, selling off unprofitable divisions, and other cost-cutting measures
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