Rescheduling of Debt

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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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References in periodicals archive ?
as DS/XGS goes up, financial institutions reschedule debt to avoid total loss in case of default.
It was expected to effect probability of rescheduling positively, because as burden increases the probability of default increases so the lenders tend to reschedule the debt.
The News, quoting officials from the Ministry of Economic Affairs, said Japan has communicated its consent to reschedule the 600 million dollars and negotiations between the two sides will begin soon.
2002 - Coalition for Rescheduling files new petition to DEA to reschedule marijuana.
1995 - 2001 -- Prior attempt by Jon Gettman to reschedule cannabis ended with a rejection of the petition by then DEA head Asa Hutchinson
The Company expects to file its Form 10-K and to reschedule its conference call on fourth quarter and year-end results prior to September 30, 2005.
We regret that we have to reschedule the release of our 1999 results," said Ian R.
It's much more difficult to reschedule a four-day tournament than a one-day event.
It wasn't as easy for Hart officials to reschedule its contest against Loyola, a Catholic high school in Los Angeles.
He said that on Thursday, Kaiser personnel were contacting patients to make them aware of what is happening and asking them if they can reschedule any noncritical Wednesday appointments.
The company has reached agreement with its major equipment financing source to reschedule its lease and loan obligations, reducing its monthly payments and rescheduling the unpaid balance of overdue payments.
CALGARY, Alberta -- Reschedules Fourth Quarter Release and Conference Call to March 31, 2005