Novation vs Null - What's the difference?
novation | null |
(legal) 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 [http://www.cftc.gov/opa/press98/opa4163-98-att.htm]
(legal) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
* An example of a novation is where an original debt which was payable in two instalments is novated to become payable in five installments.
A non-existent or empty value or set of values.
Zero]] quantity of [[expression, expressions; nothing.
Something that has no force or meaning.
(computing) the ASCII or Unicode character (), represented by a zero value, that indicates no character and is sometimes used as a string terminator.
(computing) the attribute of an entity that has no valid value.
One of the beads in nulled work.
(statistics) null hypothesis
Having no validity, "null and void"
insignificant
* 1924 , Marcel Proust, Within a Budding Grove :
absent or non-existent
(mathematics) of the null set
(mathematics) of or comprising a value of precisely zero
(genetics, of a mutation) causing a complete loss of gene function, amorphic.
As nouns the difference between novation and null
is that novation is (legal) 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 while null is zero, nil; the cardinal number before einn.novation
English
(wikipedia novation)Noun
(-)null
English
Noun
(en noun)- (Francis Bacon)
- Since no date of birth was entered for the patient, his age is null .
Adjective
(en adjective)- In proportion as we descend the social scale our snobbishness fastens on to mere nothings which are perhaps no more null than the distinctions observed by the aristocracy, but, being more obscure, more peculiar to the individual, take us more by surprise.