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

双语律师Denise，知名法学院国际私法专业，擅长翻译各类与国际争议解决相关的法律文件。