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 ?
The Role of Unlicensed Assistive Personnel in Dialysis Therapy (Adopted September 1996, Revised and reaffirmed January 2003),
Both sides reaffirmed that terrorism cannot and should not be associated with any religion, nationality, civilization or ethnic group.
2 Reaffirmed 2001 With Hook Joint Seams With 16 Nos Eyelets And 16 Nos Lashing Ropes Of Size 12 Mm Dia 1.
17 January 2011 - India's CARE on Friday reaffirmed its AA rating assigned to the long-term bank facilities of Patel Engineering Ltd (BOM:531120).
1 And 2 Reaffirmed 2006 Armoured With Galvanized Round Steel Wire Or Steel Strip As Per Is: 3975/1999 Reaffirmed 2004 And With Aluminum Conductor As Per Is: 8130/1984 Reaffirmed 2006 Suitable For Rated Voltage At 1100 Volts Grade And Conforming To Is: 7098 Part-I /1988 With Amdt.
11 January 2011 - Indian rating agency CRISIL yesterday reaffirmed the rating on short-term bank facilities of Masu Brakes at P4+.
CRISIL has revised its rating outlook on the long-term bank facilities of Murlidhar Ratanlal Exports Ltd (MREL; part of the MR group) to 'Negative' from 'Stable', while reaffirming the rating at 'BBB-'; the rating on the short-term facilities has been reaffirmed at 'P3'.