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Which of the following structures is the largest?
Troubled Debt Restructuring
A process where terms of a debt are modified due to the debtor's financial difficulties, often involving a reduction in interest rate or principal owed.
Settlement
The process of resolving a transaction, including the transfer of funds and securities.
Non-interest-bearing Note
A promissory note with no stated interest rate, where the interest is typically implied and calculated based on the difference between the face value and the cash received.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return, reflecting the time value of money.
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