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Rescheduling of Debt
(redirected from reschedule)

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Rescheduling of Debt
The extension of the repayment period of a loan. Rescheduled loans are most common when the borrower informs the lender that he/she will be unable to repay the loan in time, or when the borrower cannot afford payments. Because a default would hurt both the borrower and the lender, the lender often works with the borrower through options, such as rescheduling the repayment.
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SIR Elton John has offered refunds to fans for his cancelled shows in Newcastle after it proved impossible to reschedule.
Elton fans to get refund for cancelled show by The Journal (Newcastle, England)
The singer has offered refunds to fans after a number of cancelled gigs proved impossible to reschedule.
Elton won't replay gig by Evening Chronicle (Newcastle, England)
Jet Airways and JetLite have decided to reschedule flights to and from Mumbai on Tuesdays.
Mumbai airport to shut for six hours on Tuesday by Asian News International
 
 
 
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