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Financial advisers also recommend policies that are "guaranteed renewable," which means that the insurance company cannot refuse to renew a policy and cannot change any terms except the premium cost.
Instead, she said, it gives the landlord the right to refuse to renew the tenant's lease.
Creditors may refuse to renew their loans, causing the bank to stop lending or to sell assets in a hurry.
If the Rechlers close on the 25 percent stake, they can refuse to renew the lease in 2013.
Mr. Obama said he would "refuse to renew" the Bush tax cuts for the rich when they expire at the end of 2012.
If creditors lose faith in their borrowers, they will demand the repayment of existing debt or refuse to renew old loans.
Similar(29)
Others are refusing to renew certificates of deposit.
The Regents have once refused to renew a charter.
refused to renew its program because of poor banking oversight.
In 1971, he refused to renew the Craigheads' research permit.
It refused to renew that station's license.
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