Meaning of “leverage (sth) up” in the English Dictionary

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"leverage (sth) up" in Business English

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leverage (sth) up

phrasal verb with leverage uk /ˈliːvərɪdʒ/ us /ˈlevərɪdʒ/ verb [ T ]

to increase the amount of money borrowed:

He wanted them to leverage up the company and buy back some stock.
leverage yourself up Hedge funds routinely leverage themselves up to surprisingly high levels.

(Definition of “leverage (sth) up” from the Cambridge Business English Dictionary © Cambridge University Press)