(FINANCE) when somebody buys a corporation using borrowed money ("leverage"), with the expectation that the new owner will able to pay for it from the corporation's own profits.
Kohlberg Kravis and Roberts (KKR) developed the LBO back when Jerome Kohlberg, Jr. and Henry Kravis were still partners at Bear Stearns (1960's). The technique was refined by Michael Milken's methods of underwriting and trading junk bonds. At the same time, corporate raiders and takeover artists like T. Boone Pickens perfected greenmail as a way to make money from failed hostile takeovers.
Kohlberg Kravis and Roberts (KKR) developed the LBO back when Jerome Kohlberg, Jr. and Henry Kravis were still partners at Bear Stearns (1960's). The technique was refined by Michael Milken's methods of underwriting and trading junk bonds. At the same time, corporate raiders and takeover artists like T. Boone Pickens perfected greenmail as a way to make money from failed hostile takeovers.
In constant US dollars, the largest leveraged buyout deal in history was the KKR takeover of RJR Nabisbo for $31.1 billion (1989). In 2006, several deals of even larger size were planned or attempted, but adjusted for inflation, they were not as large.
by Abu Yahya September 4, 2010
 Get the leveraged buyoutmug.
Get the leveraged buyoutmug. When all aspects of your life, such as relationships, work, money, etc. are all perfect, as if nothing can bring down the mood you're in.
Louis: "Hey Mitch, how ya been?"
Mitch: "Great! Healthy kids, great job, happy wife, big new house, upcoming vacation. I have finally reached Life Leverage."
Mitch: "Great! Healthy kids, great job, happy wife, big new house, upcoming vacation. I have finally reached Life Leverage."
by LuLuBee November 8, 2010
 Get the Life Leveragemug.
Get the Life Leveragemug. The arm one most often uses to support body weight during sex; usually in the missionary position to avoid crushing their partner.
by Brent K. November 29, 2007
 Get the Leverage Armmug.
Get the Leverage Armmug. When someone is giving anal and the other person moves in a different direction rapidly and the anal giver's penis is yanked uncomfortably in the direction that the other person moves.
Mate I was giving some mad anal last night but she pulled out and gave me some massive anal leverage!
by LA FOOTBALL January 25, 2017
 Get the Anal Leveragemug.
Get the Anal Leveragemug. damon rizzo is short in more ways then one, unlike reeven(he's black) aka Gnome Leverage
Hey, I don't have to bend down to get that because I have gnome leverage
Hey, I don't have to bend down to get that because I have gnome leverage
by The B.O.B December 11, 2003
 Get the Gnome Leveragemug.
Get the Gnome Leveragemug. The act of taking advantage of the grandparents' generousity for gain by the grandchildrens' parents by putting them on a pedistool.
The parents of the grandchildren want to buy a house even though they do not have sufficient funds.  The parents get the grandparents to cosign for the home using the grandchildren as lethal leverage since an apartment is no place to raise a kid.
by One pissed off uncle March 28, 2009
 Get the Lethal leveragemug.
Get the Lethal leveragemug. Hey, trying to leverage my family to get me to do what you want is in violation of the leverage clause. There are going to be consequences the next time you do that.
Hym "Why? OK. I'll put this as simply as I can... If that spiral goes or is going off... And I kill YOU... Nothing happens and nobody cares.... If YOU kill (or incarcerate) ME ... You and everyone you know and love dies with me... Soooo... Maybe that? I have no fucking idea. That's a good question. But it sounds like you want me to get something that is ADJACENT to want I want... And I don't want something adjacent to want I want... And you have repeatedly violated the only agreement we've ever had. And have likely done some other stuff I am not going to be happy about when I find out and I WILL find out.... Soooo... Yeah. I don't know. It's weird, right? I would have thought this would have gone differently... Hmm... 🤔 You know what? That's probably my fault. I think if I hadn't gone all rapey dictator on you, you wouldn't be as resistant to what's happening here. That's probably it. But not I feel bad because if I'm NOT are rapey dictator then all the resistance was for nothing! Huh... It's paradoxical a little bit, isn't it? But hey, stop trying to violate the leverage clause."
by Hym Iam October 22, 2025
 Get the Leverage clausemug.
Get the Leverage clausemug.