novation

Etymology
Borrowed from, from , from. Compare,.

Noun

 * 1)  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.
 * 2) * 1998,, submission to the U.S.
 * Netting by novation will occur immediately upon registration of the transaction in the SCM's name.
 * 1)  A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
 * An example of a novation is where an original debt which was payable in two instalments is novated to become payable in five installments.

Translations

 * Bulgarian:
 * Finnish: novaatio


 * Afrikaans: novasie, skuldvernuwing
 * Dutch: schuldvernieuwing,
 * Finnish: novaatio
 * French:
 * German: Novation, Neuerungsvertrag
 * Italian:
 * Portuguese: novação
 * Spanish: novación
 * Welsh: newyddiad


 * Afrikaans:, ,