A situation whereby creditors will exchange the debt from one borrower who is defaulting for the debt of another borrower who is defaulting. Usually in this case, debt will be exchanged for new debt that reduces the amount that is owed, but will increase the interest that will be paid. Debt could also be swapped for additional equity.
Related information about asset for asset swap:
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Definition of asset for asset swap from QFinance - The Ultimate Financial Resource. What is asset for asset swap? Definitions and meanings of asset for asset ...
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asset-for-asset swap definition: A situation in which creditors exchange the debt of one defaulting borrower for the debt of another defaulting borrower. Typically ...
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Dec 5, 2011 ... The transaction (which had an effective date of 1 January 2011) took the form of an asset for asset swap, comprising Petoro's interests in the ...
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asset-for-asset swap investment & finance definition. A situation in which creditor s exchange the debt of one defaulting borrower for the debt of another ...
- A Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
Asset for asset swap: Creditors exchange the debt of one defaulting borrower for the debt of another defaulting borrower. Asset impairment: See Impairment.
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Nov 18, 2011 ... On the heels of a rare asset-for-asset swap announcement in September, Michael Glimcher, chairman and CEO of Glimcher Realty Trust ...