- s) of required payments or reducing payment amounts by extending the payment period and increasing the number of payments.
Debt rescheduling is one way to provide a borrower with relief when needed due to an economic downturn or other unforeseen personal event (i.e. job loss, illness etc.).
Investment dictionary. Academic. 2012.
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debt rescheduling — ˈdebt reˌscheduling also ˈdebt reˌstructuring noun [uncountable] FINANCE when a company or government arranges to pay its debts later, or in another form, than originally planned: • The debt relief advocated by the G8 has so far taken the form of … Financial and business terms
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