reinstatement

reinstatement definition - business

reinstatement

  1. Restoration of insurance coverage that has lapsed because of nonpayment of premiums.
  2. Having a delinquent loan brought up to date when the borrower pays all past due payments and fees.
  3. The return of a suspended or terminated employee to a former job.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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