![](/template/termwiki/images/likesmall.jpg)
Home > Terms > English, UK (UE) > Novation
Novation
The substitution of a new contract for an old one; or the substitution of one party in a contract with another party. Also, the replacement of an existing debt or obligation with a new one.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Private equity
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Economy Category: International economics
Quantitative easing round 3 (QE3)
The U.S. Federal Reserve's 3rd round of stimulus aimed at shoring up the country's economy since the 2007 world financial crisis. It's designed to ...
Contributor
Featured blossaries
Browers Terms By Category
- Lingerie(48)
- Underwear(32)
- Skirts & dresses(30)
- Coats & jackets(25)
- Trousers & shorts(22)
- Shirts(17)
Apparel(222) Terms
- General architecture(562)
- Bridges(147)
- Castles(114)
- Landscape design(94)
- Architecture contemporaine(73)
- Skyscrapers(32)
Architecture(1050) Terms
- General packaging(1147)
- Bag in box(76)
Packaging(1223) Terms
- Lumber(635)
- Concrete(329)
- Stone(231)
- Wood flooring(155)
- Tiles(153)
- Bricks(40)