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 ?
In the words of Pope John Paul II, "Humanae vitae reaffirms and reproposes with clarity the Church's teaching and norms, always old yet always new, regarding marriage and regarding the transmission of human life.
We're thrilled to take the Muller Martini name - this change reaffirms our long-term commitment to the newspaper industry," said Gary Hughes, acting president of GMA.
FX Connect's new record high volume figure continues to reaffirm our value proposition as the only platform providing full online foreign exchange connectivity through the entire investment process," added said Stanley W.
The company reaffirms that first quarter gross margin will be in the range of 65.
Separately, at the Wall Street Forum's 16th Annual Analyst Conference held today in New York City, Orbit International's senior management will reaffirm the 2005 guidance that was announced on April 4, 2005.
Oral-B has been and continues to be at the forefront of dental technology and the Cochrane study substantiates and reaffirms our own research and development," said Bruce Cleverly, President, Gillette Oral Care.
21st Century Holding Company (Nasdaq:TCHC) reaffirms its guidance and comments on A.
Manugistics' recent second annual revenue management conference attracted practitioners from multiple industries, especially Travel, Transportation and Hospitality," said Laura Preslan, Research Director, AMR Research, in a recent report titled, Manugistics Reaffirms Its Commitment to Revenue Management.