| / English Dictionary |
NOVATION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(law) the replacement of one obligation by another by mutual agreement of both parties; usually the replacement of one of the original parties to a contract with the consent of the remaining party
Classified under:
Nouns denoting acts or actions
Hypernyms ("novation" is a kind of...):
replacement; replacing (the act of furnishing an equivalent person or thing in the place of another)
Domain category:
jurisprudence; law (the collection of rules imposed by authority)
Derivation:
novate (replace with something new, especially an old obligation by a new one)
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