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Term of the Day
BusinessDictionary.com
reinstate
Definitions (3)
1. Restore a
facility
(such as a
loan
) to its
original
status
after a
default
.
2. Restore an
insurance policy
after its
lapse
due
to non-payment of
premium
.
3. Reappoint a
person
to his or her original
position
after a
suspension
.
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