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Reaffirmation
(redirected from Reaffirmed the Debt)

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Reaffirmation
An agreement in which a borrower agrees to continue to be obliged to repay a debt, even if it otherwise would be discharged in bankruptcy. The reaffirmation must be signed before the debt is discharged. It is often used if a debtor wishes to maintain ownership of an asset, such as a car, that secures the reaffirmed debt.


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DCR) has reaffirmed the debt ratings of The Dial Corporation following a DCR's recent review of the company's product lines, operations and financials.
DCR) has reaffirmed the debt ratings of The Dial Corporation following a DCR's recent review of the company's product lines, operations and financials.
DCR) has reaffirmed the debt ratings of Mandalay Resort Group (NYSE: MBG).
 
 
 
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