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Glossary   >   R   >   "Renewal" Definition            Renewal Used in the context of general equities. Placement of an identical day order to that which was not completed on the previous day. An agreement to continue insurance beyond any original term. For group insurance it is often used to refer to the annual update of membership details and production of annual accounts. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Renewal \ Used in the context of general equities. Placement of an identical day order to that which was not completed on the previous day.

An agreement to continue insurance beyond any original term. For group insurance it is often used to refer to the annual update of membership details and production of annual accounts.