Definition of Renewal

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TeachMeFinance.com - explain Renewal




historic definition...

Renewal -- When a loan of money becomes due and it is continued for another period that is a renewal of the loan. When a stock that has been borrowed is called (its return demanded) and it is re-borrowed from the same or from another lender that is a renewal of a stock loan.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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