财务杠杆是指企业在制定资本结构决策时对债务筹资的利用。因而财务杠杆又可称为融资杠杆、资本杠杆或者负债经营。这种定义强调财务杠杆是对负债的一种利用。 企业在事实上是可以选择一部分利率可浮动的债务资金，从而达到转移财务风险的目的的。财务杠杆对负债的利用，其结果称为财务杠杆利益（损失）或正（负）财务杠杆利益。
财务杠杆利益是指企业利用负债来调节权益资本收益的手段。
Benefit on financial leverage is a method by which the enterprises utilize the debts to adjust the capital gains of the rights and interests.
负债经营是现代企业常采用的一种经营策略，它既可带来财务风险又可带来财务杠杆利益。
The liability operation is the operating tactics often adopted by modern enterprises. It can bring the financial risks as well as the benefit on financial leverage.
由于财务杠杆受多种因素的影响，在获得财务杠杆利益的同时，也伴随着不可估量的财务风险。
Benefits of financial level are always accompanied with the inestimable financial risks since financial level is affected by many factors.
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