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 ?
"For Pillar College, this reaffirmation extends beyond the accreditation process itself," commented Provost Dan Wright.
Advanced Practice Nursing, Reaffirmation of 1992 and 2009 Resolution, Updated by Mary O'Brien CRNA, MSN, EJD President, Iowa Association of Nurse Anesthetists
Le message royal a la conference des ambassadeurs, une reaffirmation de la conception novatrice de SM le Roi en matiere de politique etrangere du Royaume (Amrani)
"This reaffirmation is a positive reflection of the government sound macroeconomic policies which helped in maintaining positive growth of the national economy," said Mr.
The Inadequacy of Surrender, Redemption, and Reaffirmation
MANAMA: Gulf International Bank (GIB) has hailed Moody's Investors Service's reaffirmation of its long-term and short-term foreign currency deposit ratings of A3 and P-2 respectively.
The rating reaffirmation also highlights its consistent performance, the bank said.
Ram Madhav said that the recent 'exposure' through the photograph is the reaffirmation of the age-old communal politics that Congress has been indulging in right from the beginning.
But, perhaps more significant than anything else, the great birthday party for the statue this July 4, Independence Day, symbolizes a reaffirmation and a rededication by the U.S, and its people.
Ferry giant Stena Line donated the use of its high speed ship, the Stena Explorer, to the guiding association on Anglesey so they could join the celebrations and reaffirmation of the guiding promise, which took place at Conwy Castle.
During her tenure of acting president, Webb led the development of the college's master plan and played a critical role in the college's recent accreditation reaffirmation. Webb has more than 30 years of experience as a college administrator.
The campaign is aimed at raising awareness of the alliance in the country following Japan Airlines' reaffirmation of its membership of the group earlier this year.