In the event of exceptional circumstances, the bank waives the agreed payment date for a customer in connection with a loan; the loan must nevertheless be paid off in full and on the original terms. – The bank extends a loan at risk of default under the most mitigated conditions; the burden on the customer is thus reduced. A deferral in this sense has been subject to reporting requirements since 2014. – See deferral of interest. – Cf. 2013 BaFin Annual Report, p. 72.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/