Link Centre Dictionary

novation

no·va·tion

UK/noʊˈveɪʃən/ uncommon

noun

1.

(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

Origin

Borrowed from Latin novātiō (“a renewing, rennovation”), from novō, from novus (“new”). Compare novel, novelty.

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Broader terms

WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.