novation

noun no·va·tion \nō-ˈvā-shən\

Definition of NOVATION

: the substitution of a new legal obligation for an old one

Late Latin novation-, novatio renewal, legal novation, from Latin novare to make new, from novus

First Known Use: 1682

Next Word in the Dictionary: novatorPrevious Word in the Dictionary: NovatianistAll Words Near: novation

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