On a rollercoaster, riders climb upwards slowly, their suspense building, then plunge downwards quickly, their stomachs lagging a little behind. In its deleveraging efforts, China’s government hopes to do the opposite
Today's #Dailychart reveals that American homeowners are finally returning to positive equity. Housing equity has shot up in recent months, as prices have started to recover nationwide. And mortgage debt has declined steadily as households have deleveraged, often because banks have yanked their credit lines http://econ.st/18UjOg5
Pronunciation: /diːˈliːv(ə)rɪdʒɪŋ, diːˈlɛv(ə)rɪdʒɪŋ/
noun[mass noun] Finance
- The action of a lever.
- The mechanical advantage of a lever.
- Positional advantage; power to act effectively: “started his . . . career with far more social leverage than his father had enjoyed” (Doris Kearns Goodwin).
- The use of credit or borrowed funds to improve one's speculative capacity and increase the rate of return from an investment, as in buying securities on margin.
- To provide (a company) with leverage.
- To supplement (money, for example) with leverage.
- To improve or enhance: “It makes more sense to be able to leverage what we [public radio stations] do in a more effective way to our listeners” (Delano Lewis).
- A clever, expedient way of doing something.
- A specific talent for something, especially one difficult to explain or teach. See synonyms at art1.
- A cleverly designed device.
- A knickknack.
[Middle English knakke, from Middle Dutch cnacken, to strike, crack, probably of imitative origin.]
Despite moving in such glamorous circles, Leibovitz has never been known for having a knack for finance. In what now appears as a disastrous decision to raise funds, Leibovitz took a 24-million-dollar loan from Art Capital Group （ACG） in December 2008 using her own photographs as collateral.
That debt is due September 8 and if she can’t pay up, the over-leveraged photographer could lose her life’s work.
over- leveraged：形容詞，過度借貸的、財務槓桿操作過頭的。例句：Some over-leveraged enterprisers went broke during this economic crisis.（有些財務槓桿操作過頭的企業家在這波經濟危機中破產。）
have a knack for：片語，擅長某項技能，特別是指能輕而易舉完成某種難以學習的事情。例句：Since when did you have a knack for picking up girls？（你什麼時候開始懂得把妹了？）
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