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English definition of “ungeared”

ungeared

adjective     /ˌʌnˈɡɪəd/ UK
FINANCE relating to a company whose capital is all in the form of shares and that has no debt, for example in the form of bonds: The company's ungeared balance sheet means they could soon be on the look-out for acquisitions.
(Definition of ungeared adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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