[ noh-vey-shuh n ]
/ noʊˈveɪ ʃən /
Law. the substitution of a new obligation for an old one, usually by the substitution of a new debtor or of a new creditor.
the introduction of something new; innovation.
Words nearby novation
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for novation
/ (nəʊˈveɪʃən) /
law the substitution of a new obligation for an old one by mutual agreement between the parties, esp of one debtor or creditor for another
an obsolete word for innovation
Word Origin for novation
C16: from Late Latin novātio a renewing, from Latin novāre to renew
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012