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workout definition - finance
A solution for a situation in which a company has a loan it canÂ’t pay or is about to file for bankruptcy. Experts in workouts, such as bankruptcy attorneys and restructuring companies, attempt to come up with a solution in a workout.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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