Workout
Quick Summary of Workout
A debtor’s plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.
What is the dictionary definition of Workout?
Dictionary Definition of Workout
Is the process to cover a short or liquidate a long position. This activity can be the result of an error transaction, unsold inventory, or closing out a large position.
Related Phrases
Disclaimer
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March, 2024.
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- American Psychological Association (APA):Workout. dlssolicitors.com. Retrieved April 20, 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/workout/
