novation

(nō vā′s̸hən)

noun

Law the substitution of a new obligation or contract for an old one by the mutual agreement of all parties concerned

Origin: LL novatio < L novare, to make new < novus, new

See novation in American Heritage Dictionary 4

noun
Law

Substitution of a new obligation for an old one.

Origin:

Origin: Late Latin novātiō, novātiōn-

Origin: , from Latin, a renewing

Origin: , from novātus

Origin: , past participle of novāre, to make new

Origin: , from novus, new; see newo- in Indo-European roots

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