Definitions from Wiktionary (novation)
▸ noun: (law) Replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party.
▸ noun: (law) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
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▸ noun: (law) Replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party.
▸ noun: (law) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
Similar:
reexchange,
changeout,
supplanting,
swap out,
refinancing,
swapping,
interchanging,
switching,
renegotiation,
commutation,
more...
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▸ Words similar to novation
▸ Usage examples for novation
▸ Idioms related to novation
▸ Wikipedia articles (New!)
▸ Popular adjectives describing novation
▸ Words that often appear near novation
▸ Rhymes of novation
▸ Invented words related to novation