Restructured Loan

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Restructured Loan

A loan for which the parties have agreed to alter the terms, usually to make them more favorable to the borrower. For example, the borrower may restructure a loan to receive a lower interest rate or monthly payment. Restructured loans are most common if the borrower states that he/she can no longer afford payments under the old terms. For example, a borrower may have to accept a new job with less income, forcing a tighter budget.
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References in periodicals archive ?
The deferral is valid only for loans assigned up to November 30, 2011, and the maximum period for the deferral and amortization is the earlier of December 31, 2015 or the renegotiated loan maturity date, using the straight line method, as described in Note 8.
The renegotiated loan, the court said, was a new agreement.
Provision coverage of NPLs only (which ignores the much larger renegotiated loan category) remained flat QoQ at 121%, as CoR decreased to 169bp, from 227bp in 4Q15 and 250bp a year ago.
Among the actions of the June 13, 2013 meeting of the SCNA Board of Directors: Information was shared about the newly renegotiated loan for the SCNA Building.
Very few Lane County residents that Howard has helped have closed a renegotiated loan under the federal program, she said.
Several publishing companies, such as Lee Enterprises and The McClatchy Co., are prohibited from paying a dividend under terms of their renegotiated loan agreements.
If your lender is, or can become comfortable with the belief that you can ultimately pay off the renegotiated loan, lenders may see that it is in their best interest to restructure your loan.
In addition to the renegotiated loan, the company announced that Jack Rosenzweig would remain as CEO of Humboldt Industries, a pet supply catalog retailer with its own order fulfillment operation and revenue estimated at better than $15 million a year.
The share of renegotiated loan portfolio remained stable at just over 17% of total loan portfolio in Q4 2015 relative to Q3 2015, reaching RUB3.4 trn.
HBME's VR reflects HBME's high borrower concentration and renegotiated loan book, which exposes it to event risk and potentially high levels of losses.