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 ?
Streaks Workout is now on version four, and with that upgrade comes some great new features, not least the ability to create your own routines.
Here are the best workout apps of 2019, which you can get for free, to help you lose weight.
She is putting an emphasis on cardio workouts during Ramadan, mainly to burn off calories she consumes at night.
Next on the day's agenda is to finish off that killer workout. After all, it's summer and you need to double up to look good for that planned beach trip.
It's an extremely effective workout, and quite intense.
The app also allows you to select favorite workouts for quick access in the Favorites section.
Even a very lean person has enough fat stores to sustain hours of exercise, which makes a dietary source of fat during workouts lasting 90-plus minutes less pressing than fast-releasing carbohydrates.
Simple, effective and time- efficient, micro workouts help overcome the constraints of time and space.
A morning workout also frees up the rest of your day for work or other activities.
In this column and the following one I'm going to explore five workouts: the Insanity Workout, CrossFit, Ab Workouts, 7-Minute Workout and Kettlebell Workouts.