ASBA Agent Practice Exam

DEL/REDEL stands for Delivery and redelivery. This abbreviation is used to describe a sequence where an asset is first delivered to the customer and later can be redelivered—returned or moved again under the terms of the agreement. This pairing is common in leasing or asset-financing contexts, signaling both the initial handover and the subsequent movement or return of the asset under specified conditions (for example, at the end of term or upon specified events). The other pairings (delivery with surrender, reinstatement, or redeployment) do not reflect this standard two-step movement that the acronym conveys.