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. (.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). Novation. Retrieved September 29, 2026, from http://smartdefine.org/novation/definitions/1189434
ChicagoWordNet. 2010. "Novation" http://smartdefine.org/novation/definitions/1189434 (accessed September 29, 2026).
HarvardWordNet 2010, Novation, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/novation/definitions/1189434>.
MLAWordNet. "Novation" 23 October 2010. Web. 29 September 2026. <http://smartdefine.org/novation/definitions/1189434>
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