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.
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References in periodicals archive ?
Summary: To reaffirm UAE's position as a hub for talent and the land of opportunities.
"I wish to reaffirm full support of the Government and people of Pakistan to the elected Leadership and Government and the people of Turkey," the Prime Minister said.
He added that the decision also reaffirmed the wisdom in the Philippine Constitution in renouncing war as an instrument of national police and in adopting international law as part of the laws of Philippines.
"The president extended condolences to President Erdogan on behalf of the American people for those killed and injured in today's terrorist attack in Diyarbakir, and reaffirmed the support of the United States for Turkey's security and our mutual struggle against terrorism," the White House said.
Moreover, the company also reaffirmed its planning assumptions for revenue, margins and cash deployment for the four-year period to 2014, which were last updated in January last year.
Rs.60.0 Million Cash Credit Limit BB+/Stable (Reaffirmed)
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." (Familiaris consortio, n.
We believe that the president should reaffirm the primacy of the peer-review system and should strongly oppose any content restrictions in the granting of NEA funds.
The Goldman decision reaffirms that those assessments cannot be defended based upon speculative and unrealized potential, but must be based on a property's current condition and use.
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BANKING AND CREDIT NEWS-February 2, 2011--CARE reaffirms ratings on Jaiprakash Associates' debts, bank facilities(C)2011 M2 COMMUNICATIONS http://www.m2.com
Global Banking News-2 July 2010-RAM reaffirms HSBC Bank Malaysia's ratings(C)2010 ENPublishing - http://www.enpublishing.co.uk