Definition of "unleveraged" []

• Not having been leveraged. (adjective)

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• "Because of the substantial reduction in net interest income for the year and its negative effect on operating cash flow, some of you have asked about the growth of operating cash flow without any tax affected net interest income which some refer to as unleveraged operating cash flow."
• "The new crude oil ETF will be unleveraged, which is to say it will reflect moves in its underlying commodity on a one-to-one basis."
• "Be sure the fund is "unleveraged," meaning that it does not borrow money, and avoid any fund with annual expenses over 1%."