Meaning of Amendment (What it is, Concept and Definition)

Addendum means the act of add, add or supplement new data to what had already been agreed initially. It is synonymous with addition and ascription.

The term is used in Right to indicate the addition of information to a pre-defined document, with the objective of clarifying a situation or inserting new data. For example, amendment of a standard, amendment of an agreement or amendment to a contract.

Addendum or Amendment Term is an instrument used in the legal environment, for a new contract, which includes the changes made to a previous contract. Through the Amendment Term, changes made to the contract are verified, such as insertion of clauses, modification of terms, deletion of information, alteration of partners etc.

FIES Amendment

O Student Financing (FIES) is a program promoted by the Ministry of Education and aimed at higher education students who declare that they cannot afford their studies. is made a financing agreement which is renewed every six months through an amendment to the initial contract.

Simplified Addendum means that there are no registration or contractual changes, only renewal in the online Fies System.

The Non-Simplified Amendment implies the presentation of documents proving the student's current situation, for example, Regularity of Enrollment, Proof of the guarantor's income, etc., and travel to the bank for renewal.

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