restructure
Defined in 1 place of the United States Code.
The terms “restructure” and “restructuring” include rescheduling, reamortization, renewal, deferral of principal or interest, monetary concessions, and the taking of any other action to modify the terms of, or forbear on, a loan in any way that will make it probable that the operations of the borrower will become financially viable.
Source
- 1994–present12 U.S.C. § 2202ABanks and Banking · Restructuring distressed loans · as used in this part