[ 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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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
Word Origin and History for novation
"replacement of an old obligation by a new one," 1530s, from Latin novationem (nominative novatio) "a making new, renewal," noun of action from past participle stem of novare "make new," from novus "new" (see new).
Online Etymology Dictionary, © 2010 Douglas Harper