degear

Verb

degear (third-person singular simple present degears, present participle degearing, simple past and past participle degeared)

1. To reduce one's debt by selling off assets, especially those that were acquired with borrowed money.
   • Rather the reverse, for Bank of Ireland managed to degear the fastest and at the same time push its profitability up second fastest.1978, The Bankers' Magazine
   • It could use a lot of unused debt capacity in Huletts, which has degeared since the sale of its packaging and paper interests.1982, High prices - Volume 2, page 6
2. To calculate the net value of assets after removing both debt and the projected cost of interest on borrowed capital.
   • If the project is viable on this degeared basis, then leasing is compared in price with other forms of borrowing available.1993, Shipping Finance Annual, page 12
   • It should be noted that there exists considerable debate surrounding the parameters used when determining the cost of equity with the CAPM. For example, the beta is often "degeared" in order to arrive at a pure asset beta, ...2009, Canadian Transportation Research Forum, Proceedings of the ... Annual Conference, page 567
3. To remove one's gear (special equipment).
   • He may spot jump (aim for a specific target), or water jump (the most dangerous: one is given 15 seconds to degear while in the water), or jump with a partner.1967, Mademoiselle: The Magazine for the Smart Young Woman
   • "All right." I said taking off my clown nose and getting my backpack back from Arlo. We degeared right in the thick of the crowd.2011, Armitage Shanks, Straying off The Path, →ISBN, page 181
4. To remove or disable the gears (transmission or interlocking gears).
   • If locomotive is to be shipped on its own wheels, remove motor brushes or have locomotive degeared, and set brake-cylinder safety valve at from 25 to 30 lb opening pressure, tagging the valve with the opening pressure, and open the dead-engine cock.1951, General Electric Company, Test Manual: Instructions for Testing Electric Apparatus, page 407
   • In light of the problems experienced with the type 8B, the Ministry of Munitions' Progress and Allocation Committee (chaired personally by Sir William Weir) expressed early interest in acquiring examples of the degeared engine.2015, Peter Dye -, The Bridge to Airpower, →ISBN