Loan in which the original payment terms have been altered due to a deterioration in the borrower's financial condition. This usually involves extending the loan maturity or lowering the interest rate to avoid Foreclosure on collateral assigned by the borrower, or charging-off the loan as uncollectible. See also Nonaccrual Asset; Troubled Debt Restructuring.
Renegotiated Loan
| Banking Dictionary: Renegotiated Loan |
| 5min Related Video: Renegotiated Loan |
Learn More
 | Standstill Agreement (in banking) |
| Nonaccrual Loan (in banking) |
| Rollover Mortgage (in banking) |
Help us answer these
 | How can you renegotiate private student loans? |
| Can a bank renegotiate the loan amount after the loan papers are signed? |
| Can a car loan that is upside down by 16K be renegotiated? |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Standstill Agreement (in banking)
- Nonaccrual Loan (in banking)
- Rollover Mortgage (in banking)
- Mary F. Sammons (businessman)
