Meaning of “ungeared” in the English Dictionary

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"ungeared" in Business English

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uk /ˌʌnˈɡɪəd/ us 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” from the Cambridge Business English Dictionary © Cambridge University Press)