Definitions from Wiktionary (degear)

▸ verb:  (finance) To reduce one's debt by selling off assets, especially those that were acquired with borrowed money.
▸ verb:  (accounting) To calculate the net value of assets after removing both debt and the projected cost of interest on borrowed capital.
▸ verb:  To remove one's gear (special equipment).
▸ verb:  To remove or disable the gears (transmission or interlocking gears).



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