Novation

In contract law and business law, `novation` is the act of either: In contrast to an assignment, which is valid so long as the obligee (person receiving the benefit of the bargain) is given notice, a novation is valid only with the consent of all parties to the original agreement: the obligee must consent to the replacement of the original oblig.....
Found on http://en.wikipedia.org/wiki/Novation

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/novation/

Novation

(In topic `Knowledge, Document, Workflow & Content Management`) Cimage NovaSoft`s EDMS application that includes workflow, document and content management.
Found on http://www.encyclo.co.uk/local/20477

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 https://www.encyclo.co.uk/local/20974

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.» Laud. 2. (Law) A substitution...
Found on http://www.encyclo.co.uk/webster/N/37

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.encyclo.co.uk/local/21213

Novation

Defeasance whereby the firm's debt is canceled.
Found on http://www.encyclo.co.uk/local/20047

Novation

Defeasance whereby the firm's debt is cancelled.
Found on http://www.encyclo.co.uk/local/22402

Novation

Defeasance whereby the firm`s debt is cancelled.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosn.htm

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

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 default or go into bankruptcy unless the debt is restru...
Found on http://dictionary.law.com/Default.xhtml?selected=1355

Novation

Substituting a new obligation for an old one or substituting new parties to an existing obligation.
Found on http://www.superglossary.com/Glossary/Business/Real_Estate/

novation

substitution of a new obligation for an existing one
Found on http://phrontistery.info/n.html

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-of-ip-terms

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.html

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.html

Novation

The voluntary substitution of a new contract for an old one, usually to change the parties, duties, or payment terms.
Found on http://www.nolo.com/dictionary/novation-term.html

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.encyclo.co.uk/local/20550

novation

[n] - (law) the replacement of one obligation by another by mutual agreement of both parties
Found on http://www.webdictionary.co.uk/definition.php?query=novation
No exact match found