renewal


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Related to renewal: urban renewal

Renewal

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

noun amelioration, comeback, enhancement, fixing, improvement, instauration, making over, melioration, mending, modernization, new start, readjustment, reanimation, rearrangement, rebirth, recharging, reclamation, recommencement, reconstruction, recrudescence, recrudescency, reestablishment, reformation, refreshment, regeneration, rehabilitation, reinstatement, reissue, rejuvenation, relapse, renaissance, renascence, renovatio, renovation, reopening, repair, repetition, replenishment, reproduction, restoration, resurrection, resuscitation, return, revamping, revision, revival, revivification, salvage
Associated concepts: motion to renew, renewal of a claim, renewal of a license, renewal of a motion
See also: continuation, recrudescence, reform, rehabilitation, repair, reparation, replacement, resumption, resurgence, revival

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.

References in classic literature ?
My fellow citizens, today we celebrate the mystery of American renewal.
signifying renewal as well as change for I have sworn before you and Almighty God the same solemn oath our forbears prescribed nearly a century and three-quarters ago.
There was a renewal of offers of service and civilities, and then, with the gracious permission of the lady of the castle, they took their departure, Don Quixote on Rocinante, and Sancho on Dapple.
Before the sentiments impressed on their minds by the mode of their elevation can be effaced by the exercise of power, they will be compelled to anticipate the moment when their power is to cease, when their exercise of it is to be reviewed, and when they must descend to the level from which they were raised; there forever to remain unless a faithful discharge of their trust shall have established their title to a renewal of it.
The ape stood looking about him at the havoc he had wrought, but whether he was awaiting a renewal of the attack or was deliberating which of his foes he should exterminate first Paulvitch could not guess.
Now, for thirty-six hours we have been hidden under the water, and already the heavy atmosphere of the Nautilus requires renewal.
Yet these people were clothed in pleasant fabrics that must at times need renewal, and their sandals, though undecorated, were fairly complex specimens of metalwork.
At present the planet Mars is in conjunction, but with every return to opposition I, for one, anticipate a renewal of their adventure.
And what is there to wonder at in that, since I had succeeded in so corrupting myself, since I was so out of touch with "real life," as to have actually thought of reproaching her, and putting her to shame for having come to me to hear "fine sentiments"; and did not even guess that she had come not to hear fine sentiments, but to love me, because to a woman all reformation, all salvation from any sort of ruin, and all moral renewal is included in love and can only show itself in that form.
No, sir, the facts were precisely what you have stated," said Madame de Villefort; "and it was to prevent the renewal of old feuds that M.
With a renewal of tenderness, however, they returned to her room on leaving the dining-parlour, and sat with her till summoned to coffee.
Most of them had already experienced the wild freedom of savage life, and looked forward to a renewal of past scenes of adventure and exploit.