workout

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Workout

Informal repayment or loan forgiveness arrangement between a borrower and creditors.

Workout

An informal process by which a debtor and creditors agree to debt forgiveness and/or a different repayment plan when the debtor states that he/she/it is unable to repay debts. A workout may be part of a Chapter 11 bankruptcy process, or the debtor and the creditors may work out their differences to avoid the painful, and often expensive, process of bankruptcy.

workout

1. The process of a debtor's meeting a loan commitment by satisfying altered repayment terms. For example, a firm in Chapter 11 bankruptcy proceedings might reach an agreement with its creditors for ways in which the firm's obligations can be worked out.
2. A range of prices within which a transaction or a series of transactions is likely to take place. For example, a market maker might quote a price range within which he or she would attempt to buy or sell a large order of securities.

workout

The process of working with a lender to explore alternatives to foreclosure or bankruptcy after a default.This may involve the lender receiving additional collateral,lengthening the term of the loan, writing down part of the principal balance, providing minor additional lending to make the repairs necessary to sell the property at its best price, or any number of negotiated terms and conditions.One of the keys to a mutually beneficial workout solution is for all parties to be well educated regarding the consequences of bankruptcy.One example is the ability of a bankruptcy court to reduce the principal balance of a mortgage loan under certain circumstances. It is also wise for borrowers to understand the limitations of bankruptcy,however,so they don't take an imprudently aggressive stance with their lender.

References in periodicals archive ?
The six work-outs are styled like a boot camp beginning with the Ready For Action Warm-Up, moving on to Operation Fat Attack, Hardcore Bootcamp, Total Body Drill and Full Body Blitz, culminating in the At Ease Cool Down.
THE TRACY ANDERSON METHOD Best for: Dedicated exercise queens who want an A-list work-out.
The All Blacks stage regular public work-outs, often attracting four-figure crowds, but the Lions have never previously embarked on such a venture.
As efforts to get the nation fitter and more active continued, the new regime shows how people can incorporate exercise into their everyday lives if they cannot find time to go to the gym for more strenuous work-outs.
For business owners facing foreclosure or bankruptcy, bridge lenders offer the opportunity, via a short-term loan, to buy their first mortgage loan at discounts or to assist the borrower in work-outs.
Traditionally, strength and conditioning coaches recommend that you split up the two types of work-outs on separate days or at least by several hours.
FRIDAY 5PM: Evelyne, the gym instructor whose classes resemble army work-outs, is taking a lethargic group through their paces.
While this arrangement can provide institutional clients with sophisticated transactional services, including property disposition, mergers and acquisitions, portfolio management, and work-outs, both firms will continue to offer their autonomous, traditional services.
But unless your children are running marathons--or performing some other continuous exercise for one or two hours at a stretch--they don't need sports drinks to restore lost electrolytes (sodium, potassium, chlorine, and phosphorus) either during or after their work-outs.
He has 18 years of experience representing lenders, creditors, property owners, property managers, and businesses in litigation and work-outs.
GaGa is interested in following Madonna's look so the work-outs are perfect for her.
He has also cranked up work-outs in the gym in a bid to hit his target weight of 13 stone.