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

Additional Related Terms: 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