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novations (0 synonym found)
We don't have synonyms for novations yet — it may be a rare, specialized, newly coined, or misspelled word. The closest thesaurus entries we have are notation, ovation and locations.
We don't have any synonyms for novations yet.
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Definition of novations:
(n) :
(law) 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.
(n) :
(law) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
Definition of novations:
(n) :
(law) 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.
(n) :
(law) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
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