Meaning / Definition of
Recasting
Categories: Credit and Debt, Real Estate,
The process of redesigning existing loans, especially under the threat of default. The term of the loan may be extended or the interest rate adjusted to lessen the financial pressure on the borrower.
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Definition / Meaning of
Sarbanes-Oxley Act (SARBOX, SOX, SOx) Of 2002
Categories: Insurance,
removed
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