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leverage

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Using debt in order to control more assets. Also known as financial leverage.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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