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S vs Novation - What's the difference?

s | novation |

As a letter s

is the letter s with a.

As a noun 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.

s

Translingual

{{Basic Latin character info, previous=r, next=t, image= (wikipedia s)

Letter

  • The nineteenth letter of the .

    • Symbol

    (wikipedia) (mul-symbol)
  • voiceless alveolar fricative
  • Symbol for second , an SI unit of measurement of time.

    • See also

    (Latn-script) * * (esh) * (dze) * {{Letter , page=S , NATO=Sierra , Morse=ยทยทยท , Character=S , Braille=? }} Image:Latin S.png, Capital and lowercase versions of S , in normal and italic type Image:Fraktur letter S.png, Uppercase and lowercase S in Fraktur Symbols for SI units ----

    novation

    English

    (wikipedia novation)

    Noun

    (-)
  • (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.

    • Related terms

    * novate * novatio