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
Source: WordNet® 3.1
novation (countable and uncountable, plural novations)
(legal) Replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party.
(legal) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
Source: Wiktionary
No*va"tion, n. Etym: [L. novatio; novus new: cf. F. novation.]
1. Innovation. [Obs.] I shall easily grant that novations in religion are a main cause of distempers in commonwealths. Laud.
2. (Law)
Definition: A substitution of a new debt for an old one; also, the remodeling of an old obligation.
Source: Webster’s Unabridged Dictionary 1913 Edition
25 November 2024
(noun) infestation with slender threadlike roundworms (filaria) deposited under the skin by the bite of black fleas; when the eyes are involved it can result in blindness; common in Africa and tropical America
According to Guinness World Records, the largest iced coffee is 14,228.1 liters and was created by Caffé Bene (South Korea), in Yangju, South Korea, on 17 July 2014. They poured iced black Americano on the giant cup that measured 3.3 meters tall and 2.62 meters wide.
