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Meaning of NOVATION

Pronunciation:  now'veyshun

 
WordNet Dictionary
 
 Definition: 
[n]  (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
 

NOVATION is a 8 letter word that starts with N.

 

 See Also: replacement, replacing

 

 

Webster's 1913 Dictionary
 
 Definition: 
\No*va"tion\, n. [L. novatio; novus new: cf. F.
novation.]
1. Innovation. [Obs.]

         I shall easily grant that novations in religion are
         a main cause of distempers in commonwealths. --Laud.

2. (Law) A substitution of a new debt for an old one; also,
   the remodeling of an old obligation.

 

 

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