Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,900,267,435 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

novation

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Novation
Defeasance whereby the firm's debt is cancelled.
Novation
1. The transfer of a contract from one party to another by mutual consent of the original counterparties and the concurrence of the new party.

2. See: Rollover.
novation
The substitution of one debt with another debt.
novation

The substitution of a new contract, debt, or obligation for an existing one. Usually encountered when a tenant assigns the lease to another,or when a new building owner requires all existing tenants to execute novation agreements.The effect is to extinguish all obligations under the old agreements and replace them with the new obligations.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
National Starch Food Innovation has expanded its award-winning Novation[R] functional native starch portfolio with the addition of Novation 6260.
National Starch Food Innovation Novation 6260 by Food Trade Review
National Starch Food Innovation has launched two new certified organic functional native starches as part of its patented Novation portfolio.
Optimum organic performance by Nutraceutical Business & Technology
The three-year agreement was awarded based on the results of Novation's competitive bid process along with feedback from the Novation Diagnostic Imaging Council, comprised of key imaging professionals from both the VHA and UHC membership.
VHA/UHC MEMBERS SAVE MONEY ON R2 IMAGECHECKER CAD SYSTEM by Computer Workstations
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.