novation

Fetched 2026-10-26 (cache).

Synonyms: ovation, notation, nivation, nodation, novatian, notion, vocation, innovation, location, oration, negation

Antonyms: ovation, notation, nivation, nodation, novatian, notion, vocation, innovation, location, oration, negation

Related words from Datamuse; suggestions, not definitions.

Noun

1. {{lb|en|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]].
2. {{lb|en|legal}} A new contract between the original contracting parties whereby the first [[obligation]] is extinguished and a new obligation is substituted.

Source: Wiktionary · CC BY-SA 4.0 (Wiktionary dump) · cached copy, not a rewrite.