Definition: Debt reorganization/restructuring
External debt - IMF
Debt reorganization arises from bilateral arrangements involving both the creditor and the debtor that alter the terms established for the servicing of a debt. This includes debt rescheduling, refinancing, forgiveness, conversion, and prepayments.
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003