deleverage

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de·lev·er·age

 (dē-lĕv′ər-ĭj, -lĕv′rĭj)
v. de·lev·er·aged, de·lev·er·ag·ing, de·lev·er·ag·es
v.intr.
To reduce debt, often by selling assets and using the proceeds to pay creditors.
v.tr.
To reduce the debt of (a corporation, for example).
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

deleverage

(diːˈlɛvərɪdʒ; -vrɪdʒ)
vb
finance to reduce the ratio of debt capital to equity capital in an organization or (of an organization) to reduce the ratio of debt capital to equity capital
deˈleveraging n
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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References in periodicals archive ?
The bank's restructuring plan helped it swing into profitability as it deleveraged higher risk non-core portfolios and cut costs.
Over the 12 months, the company has significantly deleveraged the business, reduced its cost of borrowing and extended its maturity profile, he added.
But the inevitable consequence was that, while Japanese companies slowly deleveraged, public debt rose to 245% of GDP.
An additional e1/4325 million (Au261million) of gross loans have been deleveraged at par value since March 2013, through redemptions or refinancing from third parties.
By 2013, all 38 had massively deleveraged, and now even the highest-metro-DTI averages are below 2.46.