What is the meaning of Recast?

To redesign an existing loan balance into a new loan for the same period or longer, to reduce payments and help a distressed borrower.

Barry Goldsmith
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APABarry Goldsmith. (2010). recast. Retrieved September 22, 2026, from http://smartdefine.org/recast/definitions/1161895
ChicagoBarry Goldsmith. 2010. "recast" http://smartdefine.org/recast/definitions/1161895 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, recast, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/recast/definitions/1161895>.
MLABarry Goldsmith. "recast" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/recast/definitions/1161895>
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