What is the meaning of 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. (.
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APAWordNet. (2010). novation. Retrieved September 26, 2017, from http://smartdefine.org/novation/definitions/1189434
ChicagoWordNet. 2010. "novation" http://smartdefine.org/novation/definitions/1189434 (accessed September 26, 2017).
HarvardWordNet 2010, novation, Smart Define, viewed 26 September, 2017, <http://smartdefine.org/novation/definitions/1189434>.
MLAWordNet. "novation" 23 October 2010. Web. 26 September 2017. <http://smartdefine.org/novation/definitions/1189434>
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