(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.
n. A screenshot fabricated by a company to misrepresent the graphics of a game; a combination of the wordsbullshit and screenshot.
Originated from Penny Arcade, a popular gaming webcomic.
-Have you seen Madden 2006 for the Xbox 360? The graphics are gonna be awesome!
-Dude, the Madden 2006 images they showed at E3 were bullshots. It doesn't look nearly as good as they said.
A small piece of information. Derived from the word ken, used often in the scottish language and is synonymous with knowledge.
Person 1: "Hey I don't get this shit. How do you solve this problem?"
Person 2: "I got that one. Give me some kenlets on this assignment and I'll help you w/ that one."
a word of expression to when you give up on comprehending someone's words of ignorance, stupidity, absurdity or are too exhausted to formulate a proper response.
Commonly seen in TikTok comment sections in replies to lazy attempts at humor, overconfidentally incorrect statement, or an over-the-top comment or when someone completely misses the mark on something.