English

Verb

rephasing

1. present participle of rephase

Noun

rephasing ‎(plural rephasings)

1. A restoration of the phase of a system
2. A change in the timing of a phased system (such as traffic lights)
3. (economics, finance) A rescheduling; especially, a rescheduling of debt repayments or other obligations.
   • 1998, Gene O. Evelyn, “The Divestiture of the Guyana Telecommunications Corporation”, in Deryck R. Brown (editor), Evaluation, Learning and Caribbean Development, Canoe Press, ISBN 978-976-8125-28-6, page 430:

     Early in 1993, ATN [ Atlantic Tele-Network] requested and obtained from the GOG [Government of Guyana] a rephasing of the programme. ATN made this request on the basis of suppliers’ delays, and theft and willful destruction of property locally. Thus, whereas the scope of agreed works remains unchanged, the time frames are no longer applicable. At least one implication of this rephasing is clear: at minimum, there must result a postponement of some of the benefits expected from the divestiture.

   • 2005 June 9, “IMF Executive Board Completes Second Review Under Peru’s Stand-By Arrangement”, International Monetary Fund Press Release No. 05/137, reproduced in IMF Country Report No. 07/110 (2007 March), ISBN 978-1-45183-112-2:

     In addition, the [Executive] Board [of the International Monetary Fund] also approved a rephasing of the country's future disbursements into five equal amounts of SDR 27.6 million (about US$40.7 million).

   • 2009, House of Commons, Northern Ireland Affairs Committee: HC 90 The Work of the Committee in Session 2008–09, ISBN 978-0-215-54267-0, page 35:

     The Estimate shows a £20m increase in grants to the compensation Agency as a result of rephasing of non-cash provisions from 2009-10 and 2010-11 into 2008-09 (Estimate, p 381). ¶ […] No, this additional funding in 2008-09 is not treated as a call on the Reserve. It is a rephasing of the Agency’s CSR07 budget within the existing total.

Anagrams

• reshaping