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novation

5 senses · Free VividLex dictionary · Thesaurus

  1. 1. n. Innovation. Source: opted
  2. 2. n. A substitution of a new debt for an old one; also, the remodeling of an old obligation. Source: opted
  3. 3. 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 Source: wordnet
  4. 4. A substitution of a new debt for an old one; also, theremodeling of an old obligation. Source: adambom
  5. 5. 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 Source: ecdict

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