novation

n. 更新 [经] 债券更新

发音

US /noʊˈveɪʃən/

词形变化

novations 复数 novations

释义与例句

n.
  1. 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.

    可数 不可数 法律

    Netting by novation will occur immediately upon registration of the transaction in the SCM's name.

  2. 2.

    A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.

    可数 不可数 法律

    An example of a novation is where an original debt which was payable in two instalments is novated to become payable in five installments.

词汇关系

名词

上位词 1

replacement

词源

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

来源：wiktionary