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Look up:
novation
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Novation
• (n.) Innovation. • (n.) A substitution of a new debt for an old one; also, the remodeling of an old obligation. • (n.) A substitution of a new debt for an old one; also, the remodeling of an old obligation. • (n.) Innovation. Found op http://thinkexist.com/dictionary/meaning/novation/
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Novation
Defeasance that cancels a firm`s debt. Discover What It`s Like to Live Easy With EquiTrend Found op http://www.equitrend.com/glossary2645.xhtml
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novation
A novation is an agreement among the two contracting parties and a third party whereby all parties agree that this third party shall perform the duties of one of the original parties to the contract. For example, if a patient agrees that a new doctor may assume the duties of a prior doctor under an ... Found op http://www.oenb.at/dictionary/termini.jsp?EINTRAG_ID=6983
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novation
satisfaction and discharge of existing contractual obligations by means of their replacement by new obligations (whose effect, for example, is to replace gross with net payment obligations). The parties to the new obligations may be the same as to the existing obligations or, in the context of some ... Found op http://www.oenb.at/dictionary/termini.jsp?EINTRAG_ID=6983
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novation
The legal process of replacing the original counterparties and becoming the single counterparty for all participants is generally called novation.... Found op http://www.oenb.at/dictionary/termini.jsp?EINTRAG_ID=6983
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Novation
A contract agreed upon by the concerned parties to replace an old contract with a new one which terminates the old contract.It is done to improvise on the performance level and change the payment strategy or the debtor will be forced to go bankrupt.It is a solution to pay off the debts.* Found op http://www.legal-explanations.com/definitions/novation.htm
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novation
n. agreement of parties to a contract to substitute a new contract for the old one. It extinguishes (cancels) the old agreement. A novation is often used when the parties find that payments or performance cannot be made under the terms of the original agreement, or the debtor will be forced to defau... Found op http://dictionary.law.com/Default.xhtml?selected=1355
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Novation
The technical term for the process whereby trades on a futures exchange between clearing members are taken over by the clearing house. Found op http://www.metalbulletin.com/Glossary.html
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Novation
[Fringe] "Novation" is the fifth episode of the fourth season of the Fox science fiction drama television series Fringe, and the series` 70th episode overall. In the episode, the Fringe team of the alternate timeline deal with the ramifications of Peter Bishop`s return. The episode was co-wr... Found op http://en.wikipedia.org/wiki/Novation_(Fringe)
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novation
1) Defeasance whereby the firm's debt is canceled 2) Replacement 3) Replacing Found op http://www.mijnwoordenboek.nl/EN/crossword-dictionary/novation/1
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