| an extraordinary or unusual thing, person, or event; an exceptional example or instance. |
| an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle. |
| Main Entry: | leveraged buyout |
| Part of Speech: | n |
| Definition: | the purchase of a controlling interest in a company by its management but using outside capital |
The purchase of a company mainly with borrowed money on the expectation that the purchaser can repay from the company's future profits or by selling its assets. Buyers sometimes raise the money by issuing junk bonds.