en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Repudiation
       
 
Back

Repudiation

 Search definitions     
  Search  

Repudiation
When one party refuses to honor their terms in a loan contract.
    
It is a term in the law of contracts that describes a declaration by one party (the promising party) to a contract that they do not intend to live up to their obligations under the contract. The repudiation can be retracted by the promising party so Long as there has been no material change in the Position of the performing party in the interim. A retraction of the repudiation restores the performer's obligation to perform on the contract.
    
This is often seen when a new government is elected and refuses to settle debts acquired by a previous government.
Posted by  Privatebanking.com
 
  Back  
  Print  
  Email  

 

private banking
Get Adobe Flash Player to view the media
FlashPlayer required to view the media
private banking
private banking
private banking
private banking
private banking

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©