[wurk-out] 
| 1. | a trial or practice session in athletics, as in running, boxing, or football. |
| 2. | a structured regime of physical exercise: She goes to the gym for a workout twice a week. |
| 3. | any trial or practice session. |
| 4. | an act or instance of working something out. |
| work·out (wûrk'out') n.
|
workout
The process of a debtor's meeting a loan commitment by satisfying altered repayment terms. For example, a firm in Chapter 11 bankruptcy proceedings might reach an agreement with its creditors for ways in which the firm's obligations can be worked out.
A range of prices within which a transaction or a series of transactions is likely to take place. For example, a market maker might quote a price range within which he or she would attempt to buy or sell a large order of securities.