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.
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.