transitive verb-·aged, -·ag·ing
- to reduce (the amount of one's debt)
- to reduce the amount leveraged on (an asset, etc.)
verbde·lev·er·aged, de·lev·er·ag·ing, de·lev·er·ag·es
To reduce debt, often by selling assets and using the proceeds to pay creditors.
To reduce the debt of (a corporation, for example).