Look up: novation

1. Novation
   In contract law and business law, novation is the act of either replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party. In contrast to an assignment, which is valid so long as the obligee (person receiving the benefit of the bargain) is given...
   Found on http://en.wikipedia.org/wiki/Novation
   
   
2. Novation
   Defeasance whereby the firm's debt is canceled.
   Found on http://www.nytimes.com/library/financial
   
   
3. novation
   [n] - (law) the replacement of one obligation by another by mutual agreement of both parties
   Found on http://www.webdictionary.co.uk/definitio
   
   
4. Novation
   (In topic `Knowledge, Document, Workflow & Content Management`) Cimage NovaSoft`s EDMS application that includes workflow, document and content management.
   Found on http://www.it-architects.co.uk/a_-_z_glo
   
   
5. Novation
   Where an existing contract is substituted for a new contract. The terms of the contract may change and/or a new party may be added to the contract.
   Found on http://www.compactlaw.co.uk/legal_glossa
   
   
6. novation
   an agreement to replace an existing policy with a new one or to replace one of the parties to an assurance policy with a different person,with the agreement of all concerned Category: Insurance
   Found on http://www.mijnwoordenboek.nl/definition
   
   
7. Novation
   The substitution of one of the parties to a contract by another person, which releases the obligation of the former party and imposes it on the new one.  Novation can also mean the substitution of an existing contract by a new one between the same parties.
   Found on http://www.own-it.org/knowledge/glossary
   
   
8. Novation
   Is the release of liability on a loan to a first borrower, and the substitution of a next borrower with the lenders approval.
   Found on http://www.encyclo.co.uk/local/20965
   
   
9. Novation
   No·va'tion noun [ Latin novatio ; novus new: confer French novation .] 1. Innovation. [ Obsolete] « I shall easily grant that novations in religion are a main cause of distempers in commonwealths.» ...
   Found on http://www.encyclo.co.uk/webster/N/37
   
   
10. 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
    Found on http://wordnetweb.princeton.edu/perl/web
    
    
11. Novation
    Defeasance whereby the firm`s debt is cancelled.
    Found on http://www.duke.edu/~charvey/Classes/wpg
    
    
12. 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 on http://thinkexist.com/dictionary/meaning
    
    
13. Novation
    Defeasance that cancels a firm`s debt. Discover What It`s Like to Live Easy With EquiTrend
    Found on http://www.equitrend.com/glossary2645.xh
    
    
14. 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 on http://www.oenb.at/dictionary/termini.js
    
    
15. 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 on http://www.oenb.at/dictionary/termini.js
    
    
16. novation
    The legal process of replacing the original counterparties and becoming the single counterparty for all participants is generally called novation....
    Found on http://www.oenb.at/dictionary/termini.js
    
    
17. 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 on http://www.legal-explanations.com/defini
    
    
18. 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 on http://dictionary.law.com/Default.xhtml?
    
    
19. Novation
    The technical term for the process whereby trades on a futures exchange between clearing members are taken over by the clearing house.
    Found on http://www.metalbulletin.com/Glossary.ht
    
    
20. 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 on http://en.wikipedia.org/wiki/Novation_(F