The-definition.com

Definition

Loan Workout Specialists

With the substantial number of business failures in recent years many loans to business and consumers have gone bad, requiring the services of skilled professionals to identify the causes of each problem loan situation and to find solutions that maximize the chances for recovering the bank’s funds. This is the job of the loan workout specialist, who must have a strong background in accounting. Financial statement analysis, business law, and economies, along with good negotiating skills.

Share it:  Cite

More from this Section

  • Duration
    Duration refers the average life of an asset or liability, or more technically, the weighted ...
  • Money market deposit accounts (MMDAs)
    Money market deposit accounts (MMDAs) is the short-maturity deposits having a term of ...
  • Branch banking
    Branch banking is an arrangement in which a bank offers a full range of services from ...
  • Legal hazard
    Legal hazard allows characteristics of the legal system or regulatory environment that ...
  • Loss ratio
    Loss ratio refers the ratio of incurred losses and loss adjustment expenses to earned ...