Definition of Novateon
No*va"tion (?), n. [L. novatio;
novus new: cf. F. novation.] 1.
Innovation. [Obs.]
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.
- Webster's Unabridged Dictionary (1913)
- 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.
Netting by novation will occur immediately upon registration of the transaction in the SCM's name. — London Clearing House submission to the CFTC
External links
- The Nuttall Encyclopedia
You arrived at this page by searching for Novateon
The correct Spelling of this word is: Novation
Thank you for visiting FreeFactFinder. On our home page you will find extensive articles covering
a wide range of topics.
|
