Glossary of Municipal Securities Terms

RESTRUCTURE

(1) A repricing of a new issue of municipal securities, although in some cases a restructuring involves more significant modifications to the structure of the new issue than a typical repricing, including changing the principal amounts and/or maturity schedule of the offering. See: REPRICE.

(2) In the workout of a defaulted issue of municipal securities, the modification of the terms of, or security for, the issue.    

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