See Also: Workout(finance)
Workout(money)
workout(dictionary)
Workout market(money)
Workout period(money)
Workout market(finance)
Workout period(finance)
Casino and Poker Workout(casino)
Tight money or dear money(finance)
Hot money(finance)

Workout (money)


Definition: A workout is a mutual attempt by the lender and borrower to avoid bankruptcy. The objective is to get the problem loan paid off, one way or another. Loans implement get-well plans agreeable to both tDefinition: he borrower and lender which the borrower can follow to work out of a problem situation.

Definition: [crh] Informal repayment or loan forgiveness arrangement between a borrower and creditors.