evergreening

Definition

The practice of rolling over short-term loans continuously to make them function as long-term financing, or cosmetically refreshing products to extend their revenue life. It's kicking the can down the road with extra steps.

Example Usage

The bank has been evergreening the developer's construction loan for three years because actually calling it due would force them to recognize the loss.

Origin

Financial services terminology from 1980s, borrowed from marketing term for product refresh strategies

Fun Fact

Evergreening became notorious in India's banking crisis where banks rolled over bad loans indefinitely to avoid classifying them as non-performing assets.

Source: Banking and credit analysis terminology

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receivership

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book-keeping

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💰 Finance / Accounting

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