recasting debt

recasting debt definition - business

recasting debt

Modifying a firm's debt. A company may decide to recast its debt in order to gain flexibility with regard to stock repurchases and dividend payments.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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