A revision of a financial agreement that alters the conditions or covenants of the original agreement For example, parties may agree to restructure a loan agreement, easing the payment schedule, when a borrower is delinquent or otherwise faces default on a loan
To restructure an organization or system means to change the way it is organized, usually in order to make it work more effectively. The President called on educators and politicians to help him restructure American education + restructuring restructurings re·struc·tur·ing 1,520 workers were laid off as part of a restructuring. to change the way in which something such as a government, business, or system is organized