renewal of indebtedness
- The substitution of a new obligation for a pre-existing indebtedness. An extension of time of payment. 34 Am J1st Lim Ac § 368. Neither borrowing of money nor effecting a loan. State v Love, 170 Miss 666, 150 So 196, 90 ALR 506.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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