[nō-vā́shən]
(n.)Law Substitution of a new obligation for an old one.
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Novation - Wikipedia, the free encyclopedia
Novation is a term used in contract law and business law to describe the act of either replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party....
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The Legal Term * Novation * Defined & Explained ... NOVATION - Novation is a substitution of a new for an old debt. The old debt is extinguished by the new one contracted in its stead; a novation may be made in three different ways which form three distinct kinds of novations.
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What is novation? - Definition of novation - The substitution of a new contract for an old one; or the substitution of one party in a contract with another party. The replacement of existing... ... novation agreement...
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novation n. Law Substitution of a new obligation for an old one. [Late Latin novātiō, novātiōn- , from Latin, a renewing, from novātus , past ... Investment Dictionary: Novation...
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Novation - Definition of Novation at Dictionary.com a free online dictionary with pronunciation, synonyms, and translation of Novation. Look it up now! ... Etymology: Late Latin novatio renewal, legal novation, from Latin novare to make new, from novus new;
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