Leverage Legal Meaning and Definition

Here is a simplified definition of the legal term Leverage.

Leverage (noun):

1. Leverage generally refers to the advantage or position of strength gained by using borrowed funds or assets to purchase something of higher value than one might otherwise afford.

2. In the context of property acquisition, leverage refers to the use of external financing or leverage (such as a mortgage or loan) to acquire a property more costly than one's available funds.

Note: While widely used in finance and investing, 'leverage' can also refer to any means of amplifying potential gains or influence in various scenarios or industries.