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Noun
A
transaction
in
which
a
business
firm
,
or
a
controlling
share
of
a
firm
,
is
purchased
using
money
which
was
borrowed
by
pledging
all
or
some
of
the
firm
'
s
assets
as
collateral
.
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Rejected by Y-Combinator. Definitions by Wiktionary.

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