Is Ungeared a Word?

1(of a vehicle) not having gears or gearing. 2(of a company or its balance sheet) having or showing no debt. 'From managements' perspective, ungeared companies become potentially more vulnerable to predators. '

What does Ungeared mean?

1 archaic : to remove the harness from (a draft animal) : unhitch ungeared the mules, and crawled under the wagon for shade— J. H. Beadle. 2 : to disconnect by or as if by throwing out of gear ungear the pinion of a machine jangle your nerves …

What does ungeared mean in finance?

/ˌʌnˈɡɪəd/ us. FINANCE. relating to a company whose capital is all in the form of shares and that has no debt, for example in the form of bonds: The company's ungeared balance sheet means they could soon be on the look-out for acquisitions.