deleverage
/dɪˈlɛrvɪdʒ/ or /dɪˈlɛrvɪdʒ/Definitions
1. verb
to reduce or eliminate debt, often by selling assets or restructuring a company’s finances
“The company had to deleverage its balance sheet after the economic downturn.”
2. verb
to reduce or eliminate a financial obligation, such as a loan or a mortgage
“The couple deleveraged their home by refinancing their mortgage at a lower interest rate.”
3. noun
the act or process of reducing or eliminating debt
“The company’s deleverage strategy involved selling off non-core assets to pay off its debts.”
4. noun
a reduction or elimination of financial obligations or debt
“The company’s deleverage allowed it to focus on its core business and improve its bottom line.”