Reaffirmation

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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.
References in periodicals archive ?
Nasdaq:WMGI), a global orthopaedic medical device company specializing in the design, manufacture and marketing of reconstructive joint devices and bio-orthopaedic materials, earlier today held a conference call reaffirming its previously-communicated financial outlook regarding fourth quarter 2002 performance and provided the Company's expectations of financial performance for the year ending December 31, 2003 and beyond.
After reviewing our performance thus far in 2002 and looking ahead to the remainder of the year," said Bill Cordes, chairman of the Partnership Policy Committee, "we are reaffirming our earnings outlook and our confidence in our $0.
Supreme Court decision reaffirming FCC authority regarding pricing of unbundled network elements and the impact on local telecommunications competition.
Reaffirming its focus on the enterprise, Clarent recently introduced the NetPerformer EG, a SIP-enabled version of its NetPerformer product.
We are reaffirming the increased guidance we gave on April 12 -- Concord is anticipating Q2 revenue of $25-$26M and EPS of $0.
wavelength performance for the 1285-1330 nm and 1525-1575 nm windows has been tightened by 40%, reaffirming SMF-28e fiber as the best low water peak standard single-mode fiber on the market.