V2 Vocabulary Building Dictionary
Definition: (n.) 1. a strategic advantage with the power to act effectively--the power to get things done; 2. the mechanical advantage gained by using a lever; 3. the borrowing of money for investments; (v.) 1. to provide or supplement with leverage; 2. to use leverage for one's advantage; 3. to borrow money for investment
Synonyms: (n.) advantage, effectiveness, power, influence, clout, weight, force, support, pull, (v.) fund, borrow, benefit, profit, supplement, invest
Antonyms: (n.) disadvantage, hindrance, weakness
Tips: Think of the way you would use a lever to make a task easier. This is known as leverage. Thus, leverage refers to anything used to one's advantage to make something easier. In business and finance, when you leverage an asset to borrow money, you are doing so to make even more money through investment. So, you leverage what you already have to gain even more.
We hired the lobbyists for their reputation of being able to exert great political leverage. (influence, clout, force) noun
We must leverage our funds to buy the equipment we need so that our business can continue to grow. (supplement, invest) verb
The great review I received from my client should give me some leverage when I ask for a raise. (advantage, support) noun
Right now, the client is really happy with our work; let's see if we can leverage this goodwill to create some new business. (take advantage, use, profit) verb
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