InvestorWords.com

novation


Definitions (2)

 1. The substitution of a new contract for an old one; or the substitution of one party in a contract with another party.

2. The replacement of existing debt or obligation with a new one.


Related Videos




Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z