Associations to the word «Novation»
Noun
- Modem
- Synth
- Digital
- Midi
- Cloister
- Controller
- Obligation
- Wasp
- Synthesizer
- Innovation
- Bass
- Roland
- Clearing
- Cat
- Assignment
- Filter
- Keyboard
- Apple
- Parti
- Contract
- Con
- Agreement
- Ltd
- Software
- Expansion
- Instrument
- Technology
- Product
- Employee
- Transfer
- Reform
- Knowledge
- Application
- Process
- User
- Drum
- Computer
- Station
- Card
- Business
- Music
- System
- Development
- Ii
- Company
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Wiktionary
NOVATION, noun. (legal) Replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party.
NOVATION, noun. (legal) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
Dictionary definition
NOVATION, noun. (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.
Wise words
In words, as fashions, the same rule will hold; Alike
fantastic, if too new, or old: Be not the first by whom the
new are tried, Nor yet the last to lay the old aside.