workout investment & finance definition
A
solution for a situation in which a company has a loan it can’t pay or is about
to file for bankruptcy. Experts in workouts, such as bankruptcy attorneys and
restructuring companies, attempt to come up with a solution in a workout.
See workout in Wall Street Words
- The process of a debtor's meeting a loan commitment by satisfying altered repayment terms. For example, a firm in Chapter 11 bankruptcy proceedings might reach an agreement with its creditors for ways in which the firm's obligations can be worked out.
- A range of prices within which a transaction or a series of transactions is likely to take place. For example, a market maker might quote a price range within which he or she would attempt to buy or sell a large order of securities.
Learn more about workout
Related Articles
