(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.
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.
A plate of brown consists of foods that have little to no nutritional value, and are typically deep fried. A true plate of brown will also be accompanied by a dark soda.
When finance content creators rent out fancy cars and flex cash to seem richer than they really are in order to promote and sell their “get rich quick” courses.
The use of the word "blue" to refer to sexually explicit content was first recorded in Scotland in 1824. "Blue" meant "lewd" because prostitutes dressed in blue gowns.
French slang, which translated, means "bull's fashion" but basically equates to "hyper trendy" or overly trendy. Used when a person wishes to express distaste at the latest fashion trend/fad, because it seems that everyone has a certain item of clothing or is wearing it. This term is most frequently heard in Paris but is slowly spreading to other parts of France.
1. That Burberryscarf is so fache-couture.
2. That purple American Apparel hoodie is so fache-couture.