Related Words

Leveraged Beta: The beta of a leveraged required return; that is, the beta as adjusted for the degree of leverage in the firm's capital structure.

Leveraged Recapitalization: Often used in risk arbitrage. A public company takes on significant additional debt with the purpose of either paying an extraordinary dividend or repurchasing shares, leaving the public sha . . . View Full Definition

Leveraged Required Return: The required return on an investment when the investment is financed partially by debt.

Leveraged Stock: Stocks financed with credit, such as that purchased on a margin account.

Leveraged Portfolio: A portfolio that includes risky assets purchased with funds borrowed.

Leveraged Lease: A lease arrangement under which the lessor borrows a large proportion of the funds needed to purchase the asset. The lender has a lien on the assets and a pledge of the lease payments to sec . . . View Full Definition

Leveraged Equity: Stock in a firm that relies on financial leverage. Holders of leveraged equity experience the benefits and costs of using debt.

Leveraged Investment Company: An investment company or mutual fund entitled to borrow capital for its operations. Also, an investment company that issues both income shares and capital shares.

Open Beta: A phase of testing for an online game (pre-release) where members of the public are invited to participate.

Portfolio Beta: Used in the context of general equities. The beta of a portfolio is the weighted sum of the individual asset betas, According to the proportions of the investments in the portfolio. E.g., if . . . View Full Definition