Outrageously Funny Word Dictionary :: Reobligation

👉 Reobligation is a legal concept in accounting and finance, referring to the process of returning money that has been owed or lent out. It involves the payment of interest on borrowed funds, which is typically paid back over time based on the terms of the loan agreement. In the context of reobligation, it means that an amount of money (usually borrowed from someone) is returned by the borrower to the original lender as a repayment for the initial borrowing. The term "restitution"

reobligation