Business terms and jargon explained. Your business dictionary

What is Workout

When a company is in debt and has financial difficulty the creditor agrees to accept a lesser amount in full payment rather than make the company go bankrupt. This is of benefit to them, as they will receive less in these circumstances.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Holding Company Bare trust Nontrade receivables Compellable witness
Solvency Autoresponder In esse EMS
Tariff Up Current Trade Creditors Change Control
Baht Supply Of Services In loco parentis Managerial Resources
National debt Pre-Finance Goods Credit Primogeniture
Ratification Sol WYSIWYG Crown copyright
Sweat equity Crown Copyright Waiver Warehoused Goods adeem
Accounting reference date Law Society Consumer Complaints Service Cloud computing Litas
Chargeable Value Load List Assumption Tax Exemption
Equity Line Digital Certificate Executor In situ

Term created / updated 2006-10-31 00:52:04

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.