0 the process of changing the form of a company's or country's debt so that it can pay what it owes later, and continue to operate:
Economists warn that some form of devaluation or debt restructuring may eventually be necessary.
1 an agreement in which a company or government that has lent money to another company or country allows it to pay back its debt in a different way or at a later time than was originally agreed:
We can complete it step by step however long the road is and it can't be completed however short the road is if you don't even mark your footprint.