Lever up

Financing a firm’s acquisition with a significant amount of debt. A firm typically issues term loans and junk bonds to drive IRRs for their private equity overlords (due to tax-deductibility of interest).

Outside of its native LBO context, to ‘lever up’ refers to the act of getting rekt and fully sending it.

Ex.1: “Blackstone is about to lever up that company’s balance sheet to 6.9x LTM Adj EBITDA. They’re underwriting to a 42.0% net IRR”

Ex.2: “Yo Tucker was levered up last night and stage dived from the DJ booth right into some chick’s VIP table. He then called the bouncer a back-office jabroni as he was dragged out”

FOF

Acronym for "Front Office Faded". Getting drunk while celebrating your status as an elite financier in a revenue generating group.

Chad: Want to get FOF?
Brad: It would be very Back Office to say no.

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Litquidity

The work-hard, play-hard Wall Street lifestyle comprised of incredibly long work hours, overanalyzing everyday situations, getting lit, and exuding prestige over peers.

Chad's friends needed to be convinced in order to go out to the bars, so he prepared a Litquidity Analysis supported by proprietary data to illustrate.

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#REF!

The act of getting absolutely LIT by consuming copious amounts of alcoholic beverages and, to a lesser extent, other paraphernalia.

Dude, Chad #REF!’d out last night after putting back 12 tequila shots. He yelled “I’m Front Office Faded” while getting kicked out of Lavo.

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