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.

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词条贡献者

译员雪梅，国际知名法学院劳动法专业，专注翻译各种与劳动雇佣有关的法律文件。