Is “leverage” a verb?
I’m new here, and am wondering what all you experts think about the use of the word “leverage” as a verb. It seems it’s being used more often recently. Personally I feel that “leverage” is a noun, as defined by Merriam-Webster’s as “the action of a lever or the mechanical advantage gained by it”. However it seems that mainly financial and managerial types seem to like using is as a verb - “Hey, let’s leverage the unfortunate circumstances of these people that can’t pay their bonds, and get their homes for free”.
What does it mean? Although MW does give it as a verb as well, it’s interesting that investopedia.com gives it as “1 The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.”, i.e. it lists the verb first. Other sources give different meanings, suggesting that the meaning of “leverage” as a verb is not very clear. I wonder what these people do when their roof leakages, or the engines of their cars failure?
Just for interest, over the years I’ve bookmarked the following in my web browser (under info / language / English):
(please excuse the language there where not appropriate :)
Oh yes, and a quote from Seth Godin’s blog (although I’m not sure who he is quoting):
“leveraging” , - comment: i asked everyone on my team not to use those words. the frequency of use of words like “leverage” is inversely proportionate to the amount of original thought. the more you say “leverage”, the less you’ve probably thought about what you’re saying.
(Seth is an American marketer, motivational speaker and author)