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1.
A meaningless buzzword forged from the furnaces of Hell by Satan's wordsmiths. It used to mean 'use efficiently' or 'share', but today it is inserted into every other sentence in the IT business world to make typical ideas and sentences sound grander.
Let's be proactive in saving our clients money by leveraging our assets over all of our outsourcing accounts.

If we leverage our human capital on these two deals, we can realize some soft dollar savings.
by Ruthless Brad October 29, 2005
 
2.
to use external intangible politics for your avantage.
he got the deal because he leveraged his existing relationship with the factory.
by vic digacomo November 24, 2005
 
3.
A buzzword used by management and those who aspire to become management. It used to describe an advantage gained by using a tool. Later it became a term used to describe corporate debt. For example, a leveraged buy-out is one where the buyer has to borrow money in order to buy the other company.

After much mis-use, the word leverage no-longer describes anything or have any meaning to anyone who has ever worked in an office.

in business circles this word is most commonly used in place of the word 'use'.
Steve: Can we take this off-line, I'm hungry. I'm going to leverage a sandwich.
Paula: Great idea, I could also leverage some food.
Steve: Come on then, we can leverage my car to get to the sandwich leverager.
Paula: Good leverage, we should leverage your leverage so we'll leverage
Steve: Leverage
by thepreacher May 15, 2006