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novation
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novation
noun
(no-va-tion)
(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
Words Related to
novation
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notation
,
innovation
,
novate
,
bailment
,
guaranty
,
receivables
,
transferee
,
assignor
,
indemnity
,
promissory note
,
suretyship
,
pledgee
,
parol evidence rule
,
transferor
,
privity
,
reconveyance
,
promisee
,
anticipatory breach
,
setoff
,
vendee
,
commitment letter
,
lessee
,
obligee
,
affreightment
,
forfaiting
,
hypothec
,
subrogation
,
bailee
,
mortgagor
,
estoppel
,
obligor
,
retrocession
,
interpleader
,
derivative instrument
,
securitization
,
renegotiation
,
underwriting agreement
,
cancelable
,
trust deed
,
inter vivos
,
restrictive covenant
,
finalisation
,
arbitration clause
,
redelivery
,
sublessee
,
transaction
,
servicer
,
trustor
,
payables
,
tortfeasor
,
repurchase agreement
,
unitisation
,
accounts receivable
,
charterer
,
domiciliation
,
shipowner
,
usufruct
,
prorata
,
deme
,
title deed
,
reverter
,
initialing
,
grantor
,
purchaser
,
collateral
,
arbitral
,
margining
,
defeasance
,
nominative
,
assignee
,
warrantor
,
frns
,
intermediation
,
secured loan
,
prepayments
,
note receivable
,
quitclaim deed
,
effectuation
,
pendente lite
,
swaps
,
leaseback
,
settlor
,
plic
,
accounts receivable financing
,
refinancing
,
amendatory
,
predetermination
,
corf
,
demandable
,
appointor
,
testatrix
,
mortgager
,
scissortail
,
reinsurance
,
cession
,
guarantors
,
lighterage
,
vacatur
,
unitization
,
nulling
,
novation
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