Definition of
debt rescheduling
negotiation of new terms for debt repayment the renegotiation of debt payments. Debt rescheduling is necessary when a company can no longer meet its debt payments. It can involve deferring debt payments, deferring payment of interest, or negotiating a new loan. It is usually undertaken as part of turnaround management to avoid business failure. Debt rescheduling is also undertaken in less developed countries that encounter national debt difficulties. Such arrangements are usually overseen by the International Monetary Fund.
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