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 ?
The workouts users usually choose should be displayed first on the list.
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.
Users can also change workouts wholesale by increasing or decreasing general difficulty levels or by changing stated goals or default break lengths.
What is common and normal is to enjoy a peak workout such as John's week seven, followed by workouts that are not as eager or fast but nevertheless reflect greatly improved adaptation as compared to the early weeks of the regimen.
An elaboration on the different stages, elements and aspects of the workout process;
Carroll will address the NFL people this morning at 10:30, talking about each of his players before the workouts begin out on the track, sometime between 11:15 and noon.
Most swimmers have a dominant breathing side but incorporating certain drills into the daily workouts can easily perfect change-up patterns.
Runners vary greatly in how long it takes to recover from and adapt to a workout.
It makes perfect sense: You have your workout music in your MP3 player; why not fit your trainer in there too?
Try the twice weekly weight-room workouts both in-season and in the off-season for a while and see if there is improvement in strength, power, and endurance in the water.
Data compiled by the Financial Supervisory Service showed that the number of small and medium enterprises (SMEs) under workout programs with their creditor banks totaled 1,178 in the first half of this year, up 24.