# Redemption (redemption; rescheduling; accession)

- Canonical URL: https://www.gerhardmerk.de/redemption-redemption-rescheduling-accession
- Post ID: 587578
- Modified: 2023-07-25T21:14:18+00:00
- Language: en

## Definition

Generally, the removal of a legal obligation by law (such as: peasant relief; abolition of serfdom) or by payment in money, as in easements. - The replacement of an existing loan with a new one, usually on different terms (the renegotiating of the terms of a loan, usually reducing payments by extending them over time and/or forgiving a portion of the principal). - The entry of a contracting party to release a party previously obliged to perform (party obliged). - Loan, short-term, lot purchase money. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1