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1. Capital asset pricing model (CAPM).

In the CAPM, a geared beta is a beta which takes account of the additional risks of debt finance.


Geared cash flow is the cash flow taking account of debt.


A geared company or business is one that is financed in part by debt.


The term 'geared' may also be used to mean having a high level of debt, in any of these contexts.

Geared is also sometimes known as 'leveraged' or 'levered'.

See also

Other links

Masterclass: Measuring financial risk, Will Spinney, The Treasurer