debt rescheduling
Debt rescheduling refers to the process of renegotiating and adjusting the terms of a debt agreement between a borrower and a lender, typically to ease the financial burden on the borrower. This may involve extending the loan period, lowering interest rates, deferring payments, or modifying other aspects of the loan to make it more manageable for the borrower to repay.
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Related Concepts (1)
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