novation

Signification (Anglais)

1. (countable, uncountable) 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. (countable, uncountable) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.

Concepts

novation

Synonymes

instauration

novelty

regeneration

renewal

reorganisation

Traductions

ανανέωση

novació

Erneuerung

الاستبدال

ανανέωση σύμβασης

nieuwigheid

novação

Prononcé comme (IPA)

/noʊˈveɪʃən/

Étymologie (Anglais)

Borrowed from Latin novātiō (“a renewing, rennovation”), from novō, from novus (“new”). Compare novel, novelty.