IIA Definition

Bookmark and Share

IIA is Institute of Internal Auditors.

Learn new Accounting Terms

PURE RESEARCH is motivated exclusively by the search for knowledge for its own sake.

FINANCIAL RESTRUCTURING is a process geared at avoiding the liquidation of the Company. Usually it involves agreement by third parties to satisfy creditors claims under certain terms and conditions. Financial restructuring may also be carried out by concluding an agreement with all creditors of the Company under which creditors will be paid on somewhat different terms than those initially accepted by the Company when credit and loans were extended. This form of financial restructuring enables the Company to continue its operations and minimize creditors' losses. See also RESTRUCTURING.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.