Renewal example sentences

An important point in connection with bill receivables and bills payable books is that they only record the transactions relating to drawing and acceptance of bills, all other transactions do not record the entire range of transactions relating to the bills, e.g. relating to bills discounted, endorsement, retirement, renewal etc.In a similar way, Provision for repairs and renewals may also be created to provide for expected repair and renewal of the fixed assets.Funds are generally available for short periods and its extension or renewal is uncertain and difficult.