Object reimbursement
Object reimbursement is a contract between a creditor and a debtor who substitutes for the grant of the original object of the obligation and provides this and the object to reality, thereby destroying the obligation. The kind of object, price is not asked. Thus, for example, if A borrows a B $ 1 million debt, he can pay a 2 million won real estate price to the bond to terminate the bond. The problem is to issue bills or checks in the case of financial debt. The issuance of checks and bills is usually interpreted as a means of payment, that is, for reimbursement, so that the debt is not extinguished. However, it may be possible to admit the effect as it is, especially if the party is to substitute for the obligation to pay the debt. In this case, it becomes a reimbursement of the object and the financial debt is extinguished.