novation
Definition 1
The substitution of a new contract for an old one; or the substitution of one party in a contract with another party.
Definition 2
The replacement of existing debt or obligation with a new one.
The substitution of a new contract for an old one; or the substitution of one party in a contract with another party.
Definition 2
The replacement of existing debt or obligation with a new one.
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novation is ...
... part of the Lending & Credit subject.
... part of the Lending & Credit subject.
Related Terms
erosion -
economic growth
novation appears in the definitions of these other terms on BusinessDictionary.com
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