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 ?
'He also reaffirmed their country's commitment to strengthen cooperation and deepen engagement with the Philippines on matters of mutual interest and common concern at the regional and global arena, including the rule of law and need for a rules-based regime in the West Philippine Sea,' he said.
"While appealing for restraint in criticism and asking to not engage in negativity towards India, especially in the media, President Abdulla Yameen Abdul Gayoom reaffirmed that India is the Maldives' closest friend and ally," the President's office said, in a statement.
Rs.15.00 Billion Cash Credit Facility AAA/Stable (Reaffirmed)
For example, for the five districts, the required disclosure statement for the "Annual Percentage Rate" was included in an estimated 86 to 97 percent of agreements and the disclosure statement for the "Amount Reaffirmed" and the amount was included in an estimated 87 to 98 percent of agreements.
* Apolitical Educational Programs (Adopted March 1983, Revised and reaffirmed January 2003),
In the decision, the Court reaffirmed that Congress clearly expressed its intent that "solid waste," and, therefore, EPA's regulatory authority be limited to materials that are "discarded" by virtue of being abandoned or thrown away.
He reaffirmed with Christ's authority what the Church has always taught: that the unitive and procreative ends of marriage may never be licitly separated.
After a trial in which the petitioner was represented by our office, the court reaffirmed a basic tenet of real property tax law: Assessments must be based on a property's existing use, not on its speculative potential for redevelopment a higher and better use.
The AMA House of Delegates reaffirmed its opposition to Kusserow, asking in a resolution that "the American Medical Association vigorously continue its actions to seek the immediate resignation or dismissal of Richard Kusserow as Inspector General of the Department of Health and Human Services, and that state medical societies, national medical specialty organizations, the auxiliary organizations, and individual physicians be encouraged to write President George Bush, Dr.
They reaffirmed commitment to strengthen cooperation across a range of shared interests, including in combatting terrorism, countering malign influence, enhancing maritime and border security, and promoting peace, stability, security, and prosperity in the Eastern Mediterranean region.
BEIJING -- Pakistan and China on Friday reaffirmed their complete common understanding on early realization of China Pakistan Economic Corridor (CPEC) projects besides agreeing to continue strategic communication on regional and global issues of importance.
Beijing -- Pakistan and China on Friday reaffirmed their complete common understanding on early realization of China-Pakistan Economic Corridor (CPEC) projects besides agreeing to continue strategic communication on regional and global issues of importance.