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  1. Dictionary
    gearing
    /ˈɡɪərɪŋ/

    noun

    • 1. the set or arrangement of gears in a machine: "the mill's internal waterwheel and gearing survive"
    • 2. the ratio of a company's loan capital (debt) to the value of its ordinary shares (equity). British "the firm expects its gearing to rise to 20 per cent"

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