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  • 00:00

    Friends, ladies and gentlemen, mostly online,  thank you for inviting me to this year's  

  • 00:07

    Singapore Perspectives, to speak  on the important topic of cities.  

  • 00:13

    There are so many dimensions to cities. They are  full of promise and potential. They are where  

  • 00:19

    rural populations migrate to in search of a better  life. They are the nerve centres of industries and  

  • 00:27

    economies, ideas and culture. They are magnets  for humanity, and cauldrons for new ideas  

  • 00:35

    and social movements. They are where hopes and  dreams are expressed and filled and fulfilled.  

  • 00:43

    But there is a dark side to cities  too. Cities can also breed crime, vice,  

  • 00:50

    social inequality, disease, and cause  environmental degradation. So cities are  

  • 00:58

    filled with paradoxes. Along with triumphs, there  are defeats. Where there is hope and optimism,  

  • 01:06

    there is also despair. They have been the central  stage where the story of humanity has unfurled,  

  • 01:14

    reflecting how society societies think  behave and point their moral compasses.  

  • 01:22

    Today, I will start by recounting the stories  of a few great cities — past and present.  

  • 01:29

    I will then draw out key lessons from these  cities, and talk about their implications  

  • 01:34

    for Singapore, both our present as well as  our future. My first example is Jericho,  

  • 01:43

    in the Fertile Crescent of the Middle East. It  was one of the oldest human settlements dating  

  • 01:50

    back 9,000BC. An old city born of geographical  advantage — a combination of good climate, fertile  

  • 02:00

    soil, and an abundance of fresh water. These  conditions enabled hunter-gatherers to settle  

  • 02:10

    over time and they cultivated crops. These were a  close-knit people from a very early civilization.  

  • 02:20

    As their numbers grew, a city is formed. And  then, with accumulated wealth from agriculture,  

  • 02:28

    the people of Jericho established the  city as a trading station, leveraging the  

  • 02:35

    strategic location along the Jordan River, and  they were trading with people as far out as Egypt  

  • 02:42

    and Anatolia. With wealth came the need to  defend the wealth and to protect the wealth.  

  • 02:52

    Inhabitants built up fortifications, most  famously the walls of Jericho. And defence  

  • 03:00

    has always been a public good. So you want  to defend the city, it has to raise taxes,  

  • 03:06

    mobilize and organize resources. And therefore  you see the emergence of a state administration.  

  • 03:14

    And that leads me to my second set of  examples of great cities — political capitals  

  • 03:21

    such as Rome, Chang An,  Constantinople, Kaifeng, Pataliputra.  

  • 03:29

    These too began as well-located settlements,  but they gained strategic significance,  

  • 03:34

    as their rulers consolidated territories around  them. And eventually, they became the full-fledged  

  • 03:41

    political and economic capitals of empires.  These capitals, they had a few common features.  

  • 03:51

    First, they were often situated at a confluence  of trade routes. Kaifeng, for example,  

  • 03:58

    was located amidst a network of canals  and handled huge volumes of trading cargo.  

  • 04:05

    Trade was often state-sponsored and driven to  provide the resources to sustain the empires.  

  • 04:12

    Two, these capitals had defensive strat  advantages. For example, Constantinople guarded  

  • 04:21

    the only inlet to the Black Sea, and surrounded  by water on three sides. And this left it open to  

  • 04:29

    only land invasions from the west, but I think the  Ottomans attacked them from the sea in the end.  

  • 04:36

    Three, they were the seats of great powers, and  developed significant military and technocratic  

  • 04:44

    powers as capitals of empires. For example, Rome  had a governing Senate, and an established code  

  • 04:52

    of law, which still forms the foundations of  many modern legal and democratic systems today.  

  • 05:02

    The third set of examples are the  present-day metropolises — New York City,  

  • 05:09

    Shanghai, Paris, Tokyo, Hong Kong, Singapore. With  industry revolution and technological advancement,  

  • 05:18

    came the free flow of capital, and the  world became increasingly globalized. And  

  • 05:24

    the globalized world is characterized by complex  networks of trade, financial services, maritime,  

  • 05:32

    aviation, infocoms and other activities. And  then, these networks in turn need to be served  

  • 05:39

    by nodes or exchanges, and global  metropolises that I've listed,  

  • 05:45

    managed to establish themselves as these  nodes in a global economy. With technology,  

  • 05:53

    the influence span of a modern metropolis is  no longer limited by the stamina of a horse,  

  • 06:01

    nor by the proximity to  waterways and canals. Their  

  • 06:05

    significance is determined by the breadth of their  networks, strategic clustering of industries,  

  • 06:13

    rich flows of capital and ideas, and most  importantly, their ability to attract and  

  • 06:20

    retain talent from all over the world. Hence,  London no longer depends on the themes because it  

  • 06:28

    is not no longer tethered to its maritime roots.  Its transformation into a global financial centre  

  • 06:37

    and a hub of creativity, culture and the arts  has allowed it to keep its position in the world.  

  • 06:45

    On the other side of the world, Silicon Valley  and its smallest cities like Palo Alto and  

  • 06:51

    Cupertino — the start-up and technological  capital of the world — they have overtaken  

  • 06:58

    the coastal city of San Francisco. The idea of  cities has therefore evolved, from gatherings of  

  • 07:07

    close-knit people who settled where climatic  and geographical conditions are most benign,  

  • 07:15

    to political and economic centres from which  nations and empires were ruled and defended,  

  • 07:21

    to now finally, financial and commercial hubs  in a globalized and interconnected world.  

  • 07:31

    However they come to be, cities rise and fall  with the tide of history. The same geographical  

  • 07:39

    luck which gave rise to ancient cities  such as Jericho can also be their undoing.  

  • 07:46

    Natural disasters, climate change foreign  invasions can all turn a city's fate.  

  • 07:55

    Today, Jericho is a pale shadow of its former self  as part of a disputed territory in the West Bank.  

  • 08:04

    As for political capitals such as Rome or  Chang An (now called Xi An), their character  

  • 08:10

    and significance shifted along with the rise and  fall of their parent empires. Rome, was the roman  

  • 08:18

    empire rather, was plagued by constant threats of  invasion, and its military and administration were  

  • 08:25

    overextended to defend a massive territory. There  was an erosion of civic trust in the ruling elite.  

  • 08:34

    Chang An was decimated at the fall of the  Tang dynasty as the empire fragmented.  

  • 08:41

    These cities did not 'decline' exactly.  They remain major population centres  

  • 08:49

    but their character has totally changed. Rome is  still the capital of Italy, but the commercial  

  • 08:56

    centre has since moved to Milan. Rome literally  has layers of history buried below its surface,  

  • 09:04

    which makes it very hard for the city  to redevelop and reinvent itself.  

  • 09:11

    As for the great modern metropolises, we can't  take for granted we will always be there.  

  • 09:18

    We are constantly jostling for relevance  in a hyper-competitive global economy.  

  • 09:25

    If a global node can be established, it  can also be unplugged by a competitor.  

  • 09:32

    Maintaining the vibrance and relevance of a  city over generations is therefore no mean  

  • 09:38

    feat. I cite these examples because  I think there are lessons in each one  

  • 09:45

    that can enrich our collective endeavour to keep  Singapore a thriving city at the cutting-edge,  

  • 09:53

    as well as a stable and sustainable home for  all of us. Singapore cannot be modelled against  

  • 10:01

    any of the examples I raised, and not even  the modern metropolis. This is because  

  • 10:08

    history has made us unique. We are city, we are  a state, we are also a nation of one people,  

  • 10:18

    all rode into one. In Singapore, we find  some of the essence of New York City,  

  • 10:24

    of Chang An, and also of Jericho. Our future  success depends on us recognizing the importance  

  • 10:32

    and combining the essence of all  three great cities — past and present.  

  • 10:40

    Let me start by talking about the New York  City in us. We are a global economic node,  

  • 10:48

    and this is central to our survival as a  city, the way we earn the living. Because  

  • 10:54

    without economic opportunities and the prospect  of a better future for our people, a city loses  

  • 11:01

    by its dynamism and its life. Especially for a  city like Singapore, without a natural hinterland,  

  • 11:10

    maintaining our economic viability has  always meant being connected to the world.  

  • 11:17

    One of our pioneer leaders, Mr S. Rajaratnam,  set out our ambition to become a "Global City"  

  • 11:24

    in a speech to the press club in 1972, a  whole two decades before our next speaker,  

  • 11:32

    Professor Sassen, would popularise the term. Mr  Rajaratnam saw Singapore as a growingly important  

  • 11:40

    component of the global economic system, side  by side with the economic giants of the world.  

  • 11:48

    In large part, we achieved this ambition  through decades of hard work and enterprise.  

  • 11:55

    We leveraged our geographical location we build a  trading hub first, and from there, other strategic  

  • 12:02

    industries — manufacturing, tourism, biomedical,  finance, infocoms, aviation, R&D and so on. To use  

  • 12:14

    a more contemporary analogy, we have become like a  smartphone — with a good operating system and all  

  • 12:22

    kinds of apps in it. Your contacts, your schedule,  your group chats, music, photos. All personalised  

  • 12:31

    and stored in here. So this is the value  proposition we want to keep offering to the world.  

  • 12:38

    Strong enough, so that it is not easy, though  not impossible, to switch out of Singapore.  

  • 12:47

    The great task before us is to keep reinventing  ourselves to stay relevant and competitive. We  

  • 12:54

    have made good progress as a smart nation. We are  fast becoming a centre for green finance in the  

  • 13:01

    world. We have long term plans to reinvent  our cityscape, such as developing the land  

  • 13:08

    to be vacated by the Paya Lebar Air Base, and  reimagining our city centre with the inclusion  

  • 13:15

    of the Greater Southern Waterfront, which is the  size of three Marina Bays, and the city centre  

  • 13:21

    will look entirely different decades from now. But  I believe the biggest opportunity for reinvention  

  • 13:29

    lies in the post COVID-19 world. In many ways,  the crisis is like a reset button, forcing us to  

  • 13:39

    rethink the way we do things, to be better, to be  smarter. For example, the post COVID working world  

  • 13:48

    should embrace a combination of working in office  and at home, as a more efficient arrangement to  

  • 13:56

    be outcome-focused, and help people juggle  their lives. We should rethink about the  

  • 14:01

    concept of 'peak' commuting hours, which has  so long dictated the planning and development  

  • 14:09

    of transport infrastructure. We  can flatten that traffic curve too.  

  • 14:15

    COVID-19 has pushed many hard-hit brick-and-mortar  establishments onto digital platforms.  

  • 14:23

    And having gone through Home Based Learning,  education is undergoing another renaissance,  

  • 14:29

    kicked off with every secondary school kid  equipped with a personal device, embracing  

  • 14:36

    the digital medium for education, and encouraging  self-directed learning. And in healthcare, we now  

  • 14:44

    have a much better appreciation of the importance  of primary care, which includes things like  

  • 14:51

    good hygiene, vaccinations, and home recovery  with the help and support of telemedicine.  

  • 14:59

    This may be a new beginning for primary preventive  care, which will be actually the most important  

  • 15:05

    component in a rapidly ageing country. Through  the pandemic, we have also positioned ourselves  

  • 15:14

    as a hub for vaccine manufacture and distribution.  And the process of coping with the pandemic has  

  • 15:22

    tested our metal as a city. We had to roll with  the punches and adapt to all kinds of twists and  

  • 15:29

    turns. We didn't try to shut down every infection  cluster, but we tried to brave through, and ride  

  • 15:37

    the infection wave. And to do this, we have had  to rely on people's personal responsibility and  

  • 15:45

    civic consciousness. We have to trust that people  will do the right thing in testing themselves  

  • 15:50

    and isolating themselves if they are positive  tested positive. While all these have been done  

  • 15:56

    out of necessity, I believe it has helped  us grow as a people. I hope it is the start  

  • 16:04

    of a societal attitude that is more forgiving of  imperfections, embracing setbacks and failures,  

  • 16:13

    appreciating resilience, ruggedness  enterprise and even being unconventional.

  • 16:22

    There is also a Chang An in us, even  though we are no empire. This is because  

  • 16:28

    we need to run an effective state. In Singapore,  our people do not have a choice between a  

  • 16:34

    free-wheeling urban economic centre or a quiet  life in the suburbs. There is also no equivalent  

  • 16:42

    of a Washington DC, a Canberra, an Ottawa or  Brasilia outside of global city. This city is  

  • 16:50

    all we got. Within these 730 square kilometres,  lie all the possible choices for 5 million  

  • 16:58

    people. The Government of Singapore therefore  must defend our city, maintain law and order,  

  • 17:05

    must ensure all our infrastructure and services  — from healthcare, education and transport to  

  • 17:11

    utilities and refuse collection, libraries and  parks, are all well provided for and working well.  

  • 17:21

    What Singapore has been blessed with  is a founding generation that has  

  • 17:25

    built up a good Government, with a capital 'G'.  This includes the various arms of the state — an  

  • 17:34

    executive branch that is effective and can get  things done; a non-politicized civil service;  

  • 17:43

    and a judicial system that upholds the rule of  law without fear or favour. It also includes  

  • 17:50

    democratic institutions such as parliament,  formed through free and fair elections.  

  • 17:57

    But the affairs of the state cannot run away  from politics, and therein lies a duality.  

  • 18:05

    On the one hand, politics facilitates public  discourse, puts the fate of the country  

  • 18:10

    ultimately in the hands of the people, keeps  powers in check and maintains accountability  

  • 18:17

    of the executive branch. On the other hand,  politics gone wrong can polarize the population  

  • 18:25

    and destabilize societies. And we  have seen many recent examples.  

  • 18:30

    So a critical factor for good governance is  to get politics right. Rather than endless  

  • 18:37

    bickering and stalemates, the political process  must be constructive, and help bridge divides. The  

  • 18:45

    objective of politics must be to help the country  find a way forward even if the decisions involve  

  • 18:52

    very difficult trade-offs. And this is especially  important to Singapore. For what we lack  

  • 18:59

    in resources and strategic mass, we can make up  with nimbleness, and unity of purpose and action.  

  • 19:08

    We may be small, but we can be  fast and we do things together.  

  • 19:14

    What are the starkest political differences  that need to be reconciled today?  

  • 19:20

    Post Industrial Revolution, throughout 19th  and 20th centuries, the biggest conflict  

  • 19:26

    has been between the Right and the Left.  Creation versus distribution of wealth.  

  • 19:33

    Socialism versus Capitalism. And that was  the defining divide that characterised the  

  • 19:40

    political struggles of almost every country. An  ideological struggle that defined modern history.  

  • 19:49

    However post globalisation and the Internet,  modern societies face new contradictions.  

  • 19:58

    Economic and income growth are important and  desired by many, but can also stratify society  

  • 20:05

    and can hinder social mobility. The challenges  and stresses of international competition  

  • 20:12

    can make people turn against globalization  and foreigners. Resource exploitation  

  • 20:20

    depletes the life of our planet. In other words,  inequality, protectionism and climate change.  

  • 20:30

    These are some of the biggest issues that nations  and their Governments across the world have to  

  • 20:35

    grapple with today. To reconcile the dilemmas  of modern societies and deal with these issues,  

  • 20:43

    we actually need a strong state. Otherwise, it  will not be possible to do difficult but necessary  

  • 20:50

    things such as carbon tax to reduce emission, or  redistributive policies to help the low-income  

  • 20:57

    move up especially, or reform education, health  or other significant public policies and programs.  

  • 21:05

    Our policies need to be consistent for the long  term in order to make an impact and make a change,  

  • 21:12

    improve lives. Unlike bigger countries, Singapore  cannot afford to be caught in fractious politics  

  • 21:20

    with frequent change of governments and  reorientation of policies that come with it.  

  • 21:26

    This does not preclude the value of healthy  discourse that take in diverse views,  

  • 21:31

    and the proper functioning of checks and balances  — both of which can strengthen our health and  

  • 21:38

    functioning as a state. The success of Singapore  state depends on our ability to achieve both aims.

  • 21:49

    But the most crucial aspect of  Singapore is the Jericho in us.  

  • 21:55

    The sense that despite being in a global  city, we are members of a close-knit tribe,  

  • 22:01

    sharing a common fate and destiny. A  recognition that by working together  

  • 22:07

    and making sacrifices for one another, we  have a better shot at a brighter future.  

  • 22:14

    Except unlike the inhabitants of Jericho,  we are not a natural tribe of similar  

  • 22:21

    origins. Singapore is a far more diverse  and complex city than any ancient city.  

  • 22:30

    Having a seat at the table at the United Nations,  or a flag to compete under in the Olympics,  

  • 22:38

    does not a nation make. The litmus  test of what it means to be a nation  

  • 22:44

    is actually in our Pledge — 'One United  People'. This makes nation building a long term,  

  • 22:52

    subconscious process. A nation's people will  have to have common experiences, and go through  

  • 22:59

    trials and tribulations together. Over time,  that togetherness, will forge common ideals  

  • 23:07

    that transcend primordial tribal instincts, and  overcome forces that deepen social fault lines.  

  • 23:17

    Then something mysterious can emerge, beyond  security, beyond making a living, beyond  

  • 23:25

    creature comforts — like, the soul of a nation.  For ancient civilizations like China and India,  

  • 23:34

    the sense of nationhood is almost second nature,  having been born of millennia in time. In Europe,  

  • 23:44

    religious beliefs played a big part in forging  that sense of togetherness also over centuries.  

  • 23:51

    The United States of America that's a relatively  young country, held together by the ideals of  

  • 23:58

    individual freedom and liberty. In Singapore, we  are working on what it means to be Singaporean,  

  • 24:07

    day by day. Students singing Majulah Singapura  daily at school assemblies; different  

  • 24:14

    communities living side by side in HDB estates,  visiting hawker centres public parks together;  

  • 24:22

    cohorts of youngsters performing National Service  together, total strangers instinctively connecting  

  • 24:30

    with a Singlish phrase, even thousands of  miles away from home like our secret code;  

  • 24:39

    and battling crisis like COVID-19  pandemic together. These are all acts  

  • 24:46

    of nation building. Many of these come through  deliberate policies and programs implemented by  

  • 24:52

    the state. Take our bicentennial commemoration  in 2019 for instance. We wanted to figure out  

  • 25:02

    what best describes the Singapore  DNA. So after consulting widely,  

  • 25:08

    we shortlisted three descriptors — openness,  multiculturalism, and self-determination.  

  • 25:18

    At the end of the exhibition at Fort Canning,  members of the public were asked to vote for  

  • 25:23

    the descriptor that resonated with them  the most. I did too. And by a wide margin,  

  • 25:30

    we chose self-determination. It is not surprising.  Cities don't need it; many states don't even  

  • 25:40

    think about it; but a young nation like us  dreams of and cherish self-determination.  

  • 25:49

    It was a pity COVID-19 disrupted the process and  we could not take the exhibition further. But we  

  • 25:56

    should think of other ways to do so, because there  is a growing consciousness about why we exist as  

  • 26:02

    Singapore and what makes us Singaporean.  And to put that consciousness into words,  

  • 26:09

    it is perhaps this: that we are not just a keynote  of the globalised world, but one that connects  

  • 26:17

    the East and West, and different parts  of Asia, creating vast opportunities that  

  • 26:23

    surpass the limits of our borders, for  our people and our future generations.  

  • 26:30

    That the consistent strengths of the institutions  of state will always strive to ensure justice and  

  • 26:37

    fairness to all, uphold meritocracy, bring out the  best of people, bridge our divides and put us on  

  • 26:45

    the right path for the long term. That therefore  in this nation, there is a solemn commitment  

  • 26:52

    to give every community that calls Singapore  home a place under the sun, where everyone also  

  • 26:59

    exercises a spirit of give and take rather  than pushing their own agendas at the expense  

  • 27:06

    of others, and in so doing provides space for  something we collectively own as Singaporeans,  

  • 27:14

    to evolve over time. And with all these, we  will determine our own future, and be a city,  

  • 27:21

    state, and nation that continue to  thrive for many years to come. Thank you.

All

The example sentences of LEVERAGED in videos (15 in total of 26)

we personal pronoun leveraged adjective our possessive pronoun geographical adjective location noun, singular or mass we personal pronoun build verb, non-3rd person singular present a determiner trading noun, singular or mass hub noun, singular or mass first adjective , and coordinating conjunction from preposition or subordinating conjunction there adverb , other adjective strategic adjective
at preposition or subordinating conjunction this determiner point verb, base form you personal pronoun can modal probably adverb get verb, base form a determiner good adjective impression noun, singular or mass of preposition or subordinating conjunction how wh-adverb leveraged adjective the determiner real adjective estate noun, singular or mass
talents noun, plural as preposition or subordinating conjunction a determiner collective adjective asset noun, singular or mass a determiner common adjective asset noun, singular or mass that wh-determiner must modal be verb, base form leveraged adjective as preposition or subordinating conjunction part noun, singular or mass of preposition or subordinating conjunction
roy proper noun, singular disney proper noun, singular , who wh-pronoun had verb, past tense left verb, past participle the determiner company noun, singular or mass s proper noun, singular board noun, singular or mass and coordinating conjunction had verb, past tense been verb, past participle considering verb, gerund or present participle his possessive pronoun own adjective leveraged adjective
roy proper noun, singular had verb, past tense previously adverb toyed verb, past participle around preposition or subordinating conjunction with preposition or subordinating conjunction the determiner idea noun, singular or mass of preposition or subordinating conjunction attempting verb, gerund or present participle a determiner leveraged adjective buyout noun, singular or mass of preposition or subordinating conjunction walt proper noun, singular disney proper noun, singular
leveraged adjective a determiner personalized verb, past participle study noun, singular or mass plan noun, singular or mass were verb, past tense four cardinal number times noun, plural more adverb, comparative likely adjective to to achieve verb, base form their possessive pronoun target noun, singular or mass gmat proper noun, singular
that preposition or subordinating conjunction said verb, past participle , in preposition or subordinating conjunction more adverb, comparative recent adjective times noun, plural , davis proper noun, singular has verb, 3rd person singular present also adverb leveraged adjective a determiner subset noun, singular or mass of preposition or subordinating conjunction his possessive pronoun many adjective dozens noun, plural
on preposition or subordinating conjunction the determiner big proper noun, singular bang proper noun, singular theory proper noun, singular , just adverb like preposition or subordinating conjunction in preposition or subordinating conjunction the determiner real adjective world noun, singular or mass , women noun, plural are verb, non-3rd person singular present often adverb leveraged adjective
a determiner leveraged adjective buyout noun, singular or mass , in preposition or subordinating conjunction this determiner instance noun, singular or mass , is verb, 3rd person singular present when wh-adverb a determiner company noun, singular or mass essentially adverb buys verb, 3rd person singular present enough adjective shares noun, plural of preposition or subordinating conjunction
leveraged adjective the determiner bank noun, singular or mass will modal usually adverb borrow verb, base form money noun, singular or mass at preposition or subordinating conjunction its possessive pronoun funding noun, singular or mass cost noun, singular or mass and coordinating conjunction buy verb, base form the determiner underlying verb, gerund or present participle stock noun, singular or mass
also adverb has verb, 3rd person singular present some determiner really adverb powerful adjective automations noun, plural that wh-determiner can modal really adverb be verb, base form leveraged adjective if preposition or subordinating conjunction you personal pronoun 've verb, non-3rd person singular present got verb, past participle some determiner
there existential there that wh-determiner ca modal n't adverb be verb, base form changed verb, past participle this determiner information noun, singular or mass is verb, 3rd person singular present already adverb leveraged adjective by preposition or subordinating conjunction chain noun, singular or mass analysis noun, singular or mass for preposition or subordinating conjunction example noun, singular or mass
lose verb, base form all determiner of preposition or subordinating conjunction your possessive pronoun money noun, singular or mass very adverb easily adverb in preposition or subordinating conjunction a determiner highly adverb leveraged adjective option noun, singular or mass investment noun, singular or mass in preposition or subordinating conjunction a determiner
kim proper noun, singular became verb, past tense known verb, past participle as preposition or subordinating conjunction the determiner child noun, singular or mass prodigy noun, singular or mass hacker noun, singular or mass , and coordinating conjunction kim proper noun, singular leveraged adjective this determiner to to make noun, singular or mass a determiner living verb, gerund or present participle .
around preposition or subordinating conjunction the determiner globe noun, singular or mass , and coordinating conjunction she personal pronoun recently adverb leveraged adjective this determiner group noun, singular or mass to to team verb, base form up preposition or subordinating conjunction with preposition or subordinating conjunction minted verb, past participle , a determiner company noun, singular or mass

Use "leveraged" in a sentence | "leveraged" example sentences

How to use "leveraged" in a sentence?

  • Much like great products, great content will only find the best people to love it if it's leveraged well.
    -Paul Shannon-
  • My attraction has never been to computers per se, but to the fact that they offer a highly leveraged way to invent magic.
    -Blaise Aguera y Arcas-
  • The right to vote is the right upon which all of our rights are leveraged - and without which none can be protected.
    -Benjamin Jealous-
  • If knowledge is power, clandestine knowledge is power squared; it can be withheld, exchanged, and leveraged.
    -Letty Cottin Pogrebin-
  • When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio.
    -George Soros-

Definition and meaning of LEVERAGED

What does "leveraged mean?"

/ˈlev(ə)rij/

verb
To use an advantage which gives you influence.