renewal until paid

A provision for the renewal of a note contained in the instrument. The courts appear to be in complete agreement that a "renewal until paid" or similar provision in a note authorizes, not an indefinite number of renewals thereof, but one renewal. Riepl v Sardino, 262 Wis 670, 56 NW2d 493, 35 ALR2d 1087.

Ballentine's law dictionary. . 1998.

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