WORKOUT
workout,n.1. The act of restructuring or refinancing overdue loans. 2.Bankruptcy. A debtor’s agreement, usu. negotiated with a creditor or creditors out of court, to reduce or discharge the debt. — work out,vb.
[Blacks Law 8th]
workout,n.1. The act of restructuring or refinancing overdue loans. 2.Bankruptcy. A debtor’s agreement, usu. negotiated with a creditor or creditors out of court, to reduce or discharge the debt. — work out,vb.
[Blacks Law 8th]