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 Definition of Work out - Finance dictionary
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Work out ((See Chapter 46 of the Vernimmen))
"Work out" designates the efforts made by lenders to negotiate with the defaulted borrower a solution safeguarding their interests and allowing them to limit their loss. This can include extending the amortisation schedule of the debt and/or reducing the interest rate payable and/or forgiving some of the debt. It can also include selling assets or even converting some debt into equity stake.
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Definitions of terms begining
with the same letter as "Work out"
:
Work out ((See Chapter 46 of the Vernimmen))
"Work out" designates the efforts made by lenders to negotiate with the defaulted borrower a solution safeguarding their interests and allowing them to limit their loss. This can include extending the amortisation schedule of the debt and/or reducing the interest rate payable and/or forgiving some of the debt. It can also include selling assets or even converting some debt into equity stake.
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