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Debt rescheduling is the lengthening of the time of debt repayment and forgiving, or dismissing, part of a loan.[1]

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ReferencesEdit

  1. ^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 488. ISBN 0-13-063085-3.