Novation

Definition of Novation

No`va´tion

n.	1.	Innovation. I shall easily grant that novations in religion are a main cause of distempers in commonwealths. - Laud.
	2.	(Law) A substitution of a new debt for an old one; also, the remodeling of an old obligation; debt restructuring.

Related Words

jurisprudence, law, novate, replacement, replacing

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