FT MarketWatch

Novation

Definition 1 The substitution of a new Contract for an old one; or the substitution of one Party in a Contract with another party. Definition 2 The replacement of existing Debt or Obligation with a new one.

Related Terms: 6 Contract, Debt, FIN, Obligation, Placement, Party
Other Related Pages: Category: Lending_and_Credit Starting With: N
Semi Related Terms: 395 CLICK HERE TO VIEW
12b-1 funds, Allowance for depreciation, Above par, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, At risk, Add-on service, Abstract of title, Adhesion contract, As is, Attorney in fact, Assignment of mortgage, A shares, At the money, Across the board, Additional paid-in capital, Against the box, At the bell, At the close, At the figure, At the full, At the market, At the opening order, Away from the market, Below the line, Books of final entry, Books of original entry, Banking Act of 1933, Below par, Bullet contract, Bureau of Public Debt, Brought over the wall, Buying on margin, Buy on close, Buy on opening, Buy the book, Balance of payments, Board of Governors, Breaking the syndicate, Bill of exchange, Bill of sale, Breach of trust, By the book, B shares, Breadth-of-market theory, Beat the gun, Contra account, Cost Of Goods Sold, Cost of sales, Current debt, Certificate of Participation, Collateralized Bond Obligation, Collateralized Mortgage Obligation, Collaterized Loan Obligation, Committee on Uniform Securities Identification Procedures, Convertible debt, Code of procedure, Contra broker, Contract broker, Capitalization of income, Cost of Living Adjustment, Cost-of-living index, Council of Economic Advisers, Chasing the market, Chicago Board of Trade, Commodities Exchange Act, Contract grades, Contract market, Contract month, Cost-of-living rider, Certificate of stock, Cost of carry, Certificate of title, Contract, Contract for deed, Contract sale, Cancellation of debt, Certificate of Claim, Consumer debt, Cost of debt capital, Cost of funds, C shares, Class of options, Close to the money, Contract size, Certificate of Occupancy, Cloud on title, Cash or Deferred Arrangement, Class A Shares, Class B Shares, Crash of 1929, Crash of 1987, Coefficient of determination, Certificate of delivery, Close a position, Cornering the market, Curbs in, Debt service coverage, Deposit in transit, Date of issue, Date of payment, Debt, Debt capital, Debt-equity swap, Debt financing, Debt limit, Debt market, Debt shelf, Division of Enforcement, Division of Investment Management, Division of Market Regulation, Do Not Reduce, Date of record, Dividend in arrears, Desk (the), Division of labor, Direct placement, De-escalation clause, De facto, Durable Power of Attorney, Date of maturity, Debt consolidation, Debtor in possession, Debtor-in-possession financing, Debt retirement, Debt service, Deed of Release, Deed of Trust, Discharge of bankruptcy, Discharge of lien, Due-on-sale clause, Deep in the money, Deep out of the money, Deed of Surrender, Department of Housing and Urban Development, Dogs of the Dow, Depth of market, Effective debt, Eurodollar certificate of deposit, Ex-legal, Either-or order, Effective par, Edge Act, E-mini, Exchange for futures, Exchange for physical, Exchange of spot, Ex-pit transaction, Ex-all, Ex-warrants, Employee Retirement Income Security Act of 1974, Ex-rights, Ex-rights date, First In First Out, Flow of funds, Fill or kill, Front-ending an order, Forward P/E, Factors of production, Favorable balance of trade, Foreign Debt, Futures contract, Fee-for-service, Form S-1, Fair Credit Reporting Act, Fair Debt Collection Practices Act, Funded debt, Family of funds, Fund of funds, Federal Insurance Contributions Act, Free right of exchange, FIN, General Obligation Bond, Guaranteed Investment Contract, Glass-Steagall Act, G-7, General Agreement on Tariffs and Trade, Gross National Debt, G-8, Gather in the stops, Hart-Scott-Rodino Act of 1976, Hit the bid, House of issue, Health Insurance Portability and Accountability Act, Holder in due course, Home equity debt, Home equity line of credit, Home Mortgage Disclosure Act, HUD-1 statement, Hammering the market, Held at the opening, Holding the market, In escrow, In-house, Investment Advisor Act of 1940, Investment Company Act of 1940, In line, Insider Trading sanctions Act of 1984, Internal Rate of Return, Indication of interest, In intestacy, In play, In-process research and development, I/O strip, Installment sales contract, Income replacement ratio, In-service withdrawal, Imbalance of orders, In and out, In sympathy, In the tank, Jumping the gun, Junior debt, Last In First Out, Lender of last resort, Law of one price, Lending at a rate, Limit-on-close order, Law of demand, Law of supply, Long-term debt, Letter of comment, Line of credit, Lock-in, Land contract, Leading the market, Locked in, Long-term gain or loss, Level I quotes, Mezzanine debt, Moral obligation bond, Make a market, Market on close order, Medium of exchange, Monetizing debt, Money at call, Mortgage debt, Negotiable certificate of deposit, Negotiable Order of Withdrawal, New York Stock Exchange, Notice of Sale, National Association of Securities Dealers, National Association of Securities Dealers Automated Quotations system, No limit order, No quote, National Debt, New York Futures Exchange, No-Fault, New issue, No-Action Letter, No-lien affidavit, Nonrecourse debt, Notice of Default, No-load, National Association of Real Estate Investment Trusts, No-load stock, New high, No book, Off the books, One time charge, Other current assets, Other long term liabilities, Office of Thrift Supervision, Obligation, Obligation bond, Out-of-favor, Over-the-Counter, On-floor order, On margin, Or better, Other income, One-share one-vote rule, Opinion of title, On account, On-the-spot loan, Option contract, Out of the money, Old age, survivors, and disability insurance, Overlapping debt, On-balance volume, On close, One man picture, On open, On the opening, Pooling of interests, Par bond, Payment-in-kind security, Preferred debt, Price Value of a Basis Point, Payment for order flow, Private placement, P&L, Provision for income taxes, Private debt, Pre-existing conditions, Placement, Party, Power of Attorney, Prioritization of debt, Prudent Expert Act, Paid-in capital, Paid-in surplus, Private Investment in Public Equity, Preservation of capital, Painting the tape, Replacement cost, Replacement value, Return of capital, Return on Capital, Return on Invested Capital, Return on Total Assets, Reading the tape, Regulation D, Regulation G, Regulation T, Regulation U, Round of funding, Rule 15c3-1, Rules of Fair Practice, Rate of exchange, Reciprocal of European terms, Replacement cost insurance, Regulation A, Right of first refusal, Right of rescission, Revolving line of credit, Right of recourse, Rule of 78, Right of redemption, Retirement Equity Act of 1984, Return on Capital Employed, Rate of return, Real rate of return, SG&A, Sight letter of credit, S&L, Sovereign debt, Segregation of securities, Sell the book, Standard of living, Severally but not jointly, Statute of Limitations, Satisfaction of debt, Senior debt, Subordinated debt, Staggered board of directors, Selling the spread, Savings Incentive Match Plan for Employees, Selling short against the box, Shorting against the box, S Corporation, Short-term gain or loss, Subchapter M, Subchapter S Corporation, Schedule C, Securities Act of 1933, Securities Acts Amendments of 1975, Securities Exchange Act of 1934, Seek a market, S&P phenomenon, T-Bill, Take a position, Trailing P/E, Tenancy by the entirety, Third party, Truth in Lending, Tenancy at will, The Street, Timing the market, Taxpayer Relief Act of 1997, Tax Reform Act of 1986, Tax Reform Act of 1993, Take a bath, U.S. Government Agency Security, U.S. Savings Bond, U.S. Treasury, U.S. Treasury Bill, U.S. Treasury Bond, U.S. Treasury Note, U.S. Treasury Securities, Underlying debt, Uniform Securities Act, Unit of trade, Unit of trading, With interest, Williams Act, Waiver of premium, W-2 Form, W formation, X or XD, Y shares