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Renewal |
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Rehabilitation; reestablishment; substitution of a new right or obligation for another of the same or similar nature. In regard to bonds, renewal signifies an extension of time for maturity. A stipulation for the renewal of a lease requires the making of a new lease, as opposed to an extension, which involves adding time to a leasehold agreement already in existence without executing a new instrument. renewal n. keeping an existing arrangement in force for an additional period of time, such as a lease, a promissory note, insurance policy or any other contract. Renewal usually requires a writing or some action which evidences the new term. RENEWAL. A change of something old for for something new; as, the renewal of a note; the renewal of a lease. See Novation, and 1 Bouv. Inst. n. 800. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Removal from office Removed from school for depression Remover Removing company president Remuneration Render Rendezvous renew Renewal Reno, Janet Renounce Rent Rent must be reserved to him from whom the state of the land moveth Rent Strike Rent-roll |
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