Meaning Of The Word Novation
What's the definition of Novation? Find Novation meanings, definitions and more at the Real Dictionary online.
Novation Meaning
| Novation Definition |
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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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