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Verb: deleverage  ,dee'le-vu-rij or dee'lee-vu-rij
  1. (finance) reduce the amount of investment funds that are borrowed, e.g. to reduce risk
    "We will be able to generate the earnings growth and cash flow necessary to pay down debt and deleverage the balance sheet"

Derived forms: deleverages, deleveraging, deleveraged

Encyclopedia: Deleverage