novation

名词 n.
中文释义

英文释义

名词 n.
  1. Replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party. countable,uncountable
    — 1998, London Clearing House, submission to the U.S. Commodity Futures Trading Commission http://www.cftc.gov/opa/press98/opa4163-98-att.htm Netting by novation will occur immediately upon registration of the transaction in the SCM's name.
  2. A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted. countable,uncountable
    — An example of a novation is where an original debt which was payable in two instalments is novated to become payable in five installments.

词形变化

novations plural

词汇关系

相关词
novate novatio

词源

Borrowed from Latin novātiō (“a renewing, rennovation”), from novō, from novus (“new”). Compare novel, novelty.
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