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 ?
Besides MTV Urban Workout, Eilidh also teaches Zumba, Body Pump, Body Jam and Balance Attack.
By week 11, after an extended 72-hour recovery, he ran a very hard/ready workout to achieve the pace from four weeks earlier, which was hard/eager.
Moreover, participating in a workout means receiving detailed data that may be material non-public information.
Workout Two: Bench Presses (1x12), Leg Presses (1x20), Seated Rows (1x15), Squats (1x12), Incline Presses (1x15), Front Lunges (1x12), Barbell Rows (1x20), Side Lunges (1x12), Shoulder Presses (1x12), Hyperextensions (1x20), Seated Twists with 25 lb.
Provide your staff with workouts that can be accomplished in twenty to thirty minutes.
You may set up a schedule to try to take a hard workout every third of fourth day, but you will skip a hard workout on days that you feel sore.
Today, Workout Partners has 40 employees and more than 1,000 members at locations in New York City and Lake Mary, Florida (near Orlando).
The threshold inquiry for the borrower should be whether there is anything worth saving, for unless the property holds enough promise, it is unlikely not only that the lender will refuse to "stay in", but will refuse to fund needed working capital and the costs of the workout.
The mortgagee traditionally has been equally receptive to a loan workout because of the no-win situation it faces: potential loss of customer goodwill in the community, acquisition of an asset it has no expertise in managing and marketing for sale and negative economic consequences of reclassifying a loan as nonperforming and supporting a property with negative cash flow.
A typical workout involves some combination of the following items.
By combining PumpOne's expert workout with the best digital photography, interface design and cellular technology, PumpOne Mobile provides over 80 complete workouts, not just exercises, that guide users toward their Weight Loss, Strength & Flexibility fitness goals.
With DailyBurn and Chromecast, users now have access to DailyBurn's HD-quality on-demand workout programs, led by world class trainers, on various platforms including iPhone, iPad, Android tablets and smartphones, and the Chrome browser (for Mac and Windows).