Umschuldung

dieNoun

debt rescheduling; refinancing

English translations

  1. 01

    refinancing

Word details

German meaning
Umschuldung bezeichnet die Aufnahme eines neuen Kredits, um einen bestehenden, oft teureren Kredit abzulösen.
English meaning
Debt restructuring refers to taking out a new loan to pay off an existing, often more expensive loan.
Synonym
Refinanzierung
German example
Durch die Umschuldung konnte ich meine monatlichen Raten deutlich senken.
English example
Through debt restructuring, I was able to significantly reduce my monthly payments.
Type
Noun
Article
die
Singular Form
die Umschuldung
Plural Form
die Umschuldungen

Example sentences with “Umschuldung”

  1. Die Umschuldung hilft dem Unternehmen, Kosten zu sparen. (The debt rescheduling helps the company save costs.)

Frequently asked questions

What does 'Umschuldung' involve?

It is a financial process where existing debts are replaced by new ones, usually to obtain better interest rates or payment terms.