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.

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House Organ	Corporate Officers	MoJ	Debtors
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NES	Garnishee Order	Take Out	APK

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

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