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 ?
People can also get away with following their workout with one of their regular meals or snacks, rather than adding another meal to their day.
For those who insist on exercising before breaking their fast, Ms Taljebbini recommended light workouts.
The Feed section of the app shows you posts from some of the best athletes of the present day, along with post workout pictures from your friends.
After a difficult workout, make sure to seek out a source of protein and carbohydrates.
With the help of micro workouts, you can squeeze in some terrific calorie burning exercises into your busy schedule.
Exercising on an empty stomach isn't recommended, because your body needs fuel to get through your workout. But it doesn't need to be a full meal.
It's an intense 60-day workout on DVD by the producers of P90X, Beachbody (www.beachbody.com).
Prices start from PS17, go to adidas.co.uk/workout FOR all you gym bunnies and athletic types, Adidas has just launched its brand new women's workout collection with top athletes Laura Trott, Jessica Ennis-Hill, pictured, and Jodie Williams.
Workout: Using maracas as both a comedy tool and an upper arm workout to banish those bingo wings, Miranda is thankfully joined by a proper fitness trainer - Amelia - and some of her TV pals.
The Athletic Fitness workout, offered at Fitness First gyms, takes inspiration from the training methods used by professional athletes.
Ellen Barrett's DVD workouts offer up small pieces of exercise - each workout is about 30-45 minutes - but are designed to produce quick results, blending yoga and Pilates with dance moves for maximum, fun enjoyment.
This is Nell's fifth DVD which is a challenging yet rewarding workout with a promise that with a degree of hard work and commitment, you can improve your fitness and overall strength and tone.