rescheduled loan
Definition
New loan that replaces the outstanding balance on an older loan, and is paid over a longer period, usually with a lower installment amount. Loans are commonly rescheduled to accommodate a borrower in financial difficulty and, thus, to avoid a default. Also called restructured loan.
News containing the term rescheduled loan
Loading...
http://www.businessdictionary.com/definition/rescheduled-loan.html
