Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • v. To replace something with something new
  • v. To replace a debt or other obligation

from The Century Dictionary and Cyclopedia

  • To make new; renovate; specifically, in law, to substitute a new obligation for an old one. See novation, 3.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • v. replace with something new, especially an old obligation by a new one

Etymologies

Sorry, no etymologies found.

Examples

  • Customers, usually hedge funds, mostly use email to ask dealers for consent to "novate," a practice that is time-consuming and risky because dealers are obliged to read each email before making a decision.

    CDS dealers seek faster process

  • You should be allowed to re-novate your own house though .... the Manitoba government believes that if you are smart enough to build on a flood plain, you are smart enough to re-build on a flood plain.

    Argh!

  • Upon closing of the transaction, QR Energy's sponsor will novate oil and natural gas derivative contracts to QR Energy.

  • Upon the closing of the transaction the seller will novate its natural gas contracts to GeoMet.

  • Or Obo will renew or novate a new contract to stymie this inconsistency.

    The American Spectator

  • The accounting impact of [novating] the underlying contracts in that business as that has occurred throughout the year results in accounting either earnings or losses as we [novate] those and we have stripped those out of operating earnings for the year.

    undefined

  • The fi rst is that while the technology is adap - tive-that is, carrying out particular functions that enhance survivor - ship-it is strongly mediated by the cognitive capacities of those homi - nins, who appear to have been limited at least in terms of their ability to in - novate and vary their productions.

    Recently Uploaded Slideshows

  • · Identify, agree and novate any 3rd party contracts as agreed during contract negotiations.

    ZDNet UK Highlights

  • Our client has defined a contract role to review service design, update SVAs and novate contracts where necessary for the migrated IT infrastructure.

    ZDNet UK Highlights

  • If I were a bank, I would seek to novate all the in-the-money trades with Lehman and not the ones that are out-of-the-money, right?

    Financial Sector and Stocks Analysis from Seeking Alpha

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.