Financial extension
Financial extension (or, simply, extension) is a form of debt restructuring in which creditors postpone the dates of required interest or principal payments, or both.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Extension. A form of debt restructuring in which creditors postpone the dates of required interest or principal payments, or both.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
