Meaning Of The Word Novation

Real Dictionary

What's the definition of Novation? Find Novation meanings, definitions and more at the Real Dictionary online.

Novation Meaning

Novation Definition
Novation Definition

What's The Definition Of Novation?

novation in American English
the substitution of a new obligation or contract for an old one by the mutual agreement of all parties concerned
noun: the substitution of a new obligation for an old one, usually by the substitution of a new debtor or of a new creditor

novation in British English
noun: the substitution of a new obligation for an old one by mutual agreement between the parties, esp of one debtor or creditor for another

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