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 ?
Other variables that impact the intelligent design of workouts include the size and configuration of the workout space, the equipment available, and how long the user has to exercise.
Her unique approach to fitness where shorter, more intense workouts lead to improved results has been at the foundation of her success.
JEFIT account will record your workouts and stats to help you achieve your goals.
Although the majority of renters surveyed (74 percent) said they would still rent an apartment if workout facilities were not included, Apartments.
He was unusually tired from this workout and for one week after, his lack of energy negatively affected his other workouts.
You can also try adding five 30- to 60-second sprint intervals into your treadmill or elliptical workouts.
That's particularly true in that hedge funds and distressed-asset lenders are prime forces in this type of lending, and may not have the stomach or the expertise to stay the course if things go south (see sidebar, "How Second Liens Complicate a Workout," on page 43).
It makes perfect sense: You have your workout music in your MP3 player; why not fit your trainer in there too?
After completing four consecutive exercises, the athlete should drink water, as hydration is always emphasized before, during, and after workouts.
I am so thrilled to have a workout I can actually do.
Provide your staff with workouts that can be accomplished in twenty to thirty minutes.
You will set up a schedule in which you take a hard-fast workout, feel sore on the next day, and then go at an easy pace in your workouts until the soreness has completely disappeared.