Legal documents templates
Legal translation
Run your business
Protect your business
Will registration
Available languages
A Deed of Release of Debt is given to a borrower by the lender in the event where there is a certain amount that is still outstanding under a loan agreement, but the lender has decided to waive such outstanding amount.
This generally means that the borrower has been released from paying the lender back the outstanding amount of money and any related accumulated interest, if applicable. This document creates a written record of the release, which the borrower can keep on file and can use asevidence that the loan has actually been fully satisfied.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Before Execution