Concept

Debt rescheduling

Properties

SES ID
  • 9582
Notation
  • 9582
In scheme
Broader
Narrower
Definition
  • A practice that involves restructuring the terms of an existing loan in order to extend the repayment period. Debt rescheduling may mean a delay in the due date(s) of required payments or reducing payment amounts by extending the payment period and increasing the number of payments.