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Repudiation
(redirected from Anticipatory repudiation)

    Also found in: Legal, Encyclopedia, Wikipedia 0.06 sec.
Repudiation
When one party refuses to honor their terms in a loan contract.

Notes:
This is often seen when a new government is elected and refuses to settle debts acquired by a previous government.

See also: Debt


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Furthermore RIGS sent a letter informing PNC that its actions constituted an anticipatory repudiation of the merger agreement between the two entities and that RIGS is now entitled to discuss merger combinations with other interested parties.
Fitch Lowers Riggs Individual Rating; Rating Watch to Negative by Business Wire
Riggs today has sent a letter informing PNC that its actions constituted an anticipatory repudiation of the Merger Agreement and that Riggs is now entitled to discuss merger combinations with other interested parties.
Riggs Rejects PNC Demands and Sues PNC For Damages; Provides ... by Business Wire
The complaint alleges breach of a contract and of the duty to deal fairly and lack of good faith, anticipatory repudiation of a contract, negligent misrepresentation and unfair competition.
SLT files suit against C.R. Bard for breach of contract by Business Wire
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