Renewal

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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. 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.

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References in periodicals archive ?
The Sunyani Municipal Office of the National Health Insurance Scheme (NHIS) has within three months of its electronic renewal (E-renewal) system implementation recorded 5,227 clients' renewal.
Sunyani Municipal NHIS records 5,227 E-renewals within 90 days
Remember, renewals are open Thursday, November 1, 2018 for the "Even Year" group and contact information can be updated at https:// ebiz.mt.gov/pol.
LICENSE RENEWAL ALERT: Are you an ODD nurse or an EVEN nurse?
Four lines of insurance ended 2017 with slightly higher premium renewal rates, according to Q4 data released recently by IVANS, a division of Applied Systems.
Workers' compensation renewal rates suffered through most of 2017
For renewals, you will still pay the East Wenatchee's license fee which is based on your employee count The first BLS renewal may be prorated for less than a year in order to change your current city license expiration date to match with the expiration date BLS already has for your business in their system.
East Wenatchee joins DOR: 'one-stop shopping'
The time period for renewal of membership to the bar of the United States District Court, Middle District of Florida closes August 29.
USDC-MDFL Bar renewal period is about to close
New Delhi, Dec.3 ( ANI ): The Telecom Regulatory Authority of India (TRAI) today issued guidelines on renewal of Special Tariff Vouchers (STVs) pertaining to data and SMS packs offered to consumers by service providers, for protecting the interest of consumers.
TRAI issues guidelines for renewal of special tariff vouchers
Renewals are worth the time and effort to optimize them.
Boost your profits by lifting your renewals
The quartet will take over all renewals work from the spring of next year.
Carillion loses rail work; ENGINEERING
Will a renewal index rate cap on an annual, point-to-point index annuity likely go up when the index has been gaining over the last few months?
Index annuity renewal rate caps: what goes on behind-the-scenes
This is a renewal credential only, not an initial certification category.
AACN Certification Corporation launches CCRN-E certification renewal program
Irrespective of industry, just over half of the franchise systems that offer renewals require remodeling to be done on the unit during the process.
PART V: the continuing franchisee-franchisor relationship: unit renewal terms: vast majority of franchisors offer renewal terms to their franchisees

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