Business, Legal & Accounting Glossary
A situation whereby creditors will exchange the debt from one borrower who is defaulting for the debt of another borrower who is defaulting. Usually in this case, debt will be exchanged for new debt that reduces the amount that is owed, but will increase the interest that will be paid. Debt could also be swapped for additional equity.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Asset For Asset Swap are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.