novation

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.

As an adjective undefined is

lacking a definition or value.

As nouns the difference between substitution and novation

is that substitution is substitution, replacement while 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.

As nouns the difference between compensation and novation

is that compensation is the act or principle of compensating while 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.

As nouns the difference between novation and agreement

is that novation is 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 agreement is an understanding between entities to follow a specific course of conduct.

As nouns the difference between alterations and novation

is that alterations is while 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.

As nouns the difference between renovation and novation

is that renovation is renovation while 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.

As nouns the difference between cession and novation

is that cession is that which is ceded insurance: (part of) a risk which is transferred from one actor to another while 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.

In lang=en terms the difference between novation and variation

is that novation is a new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted while variation is a technique where material is repeated with alterations to the melody, harmony, rhythm, timbre, texture, counterpoint or orchestration; but with some invariant characteristic, e.g. a ground bass.

As nouns the difference between novation and revocation

is that novation is 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 revocation is an act or instance of revoking.

As nouns the difference between novation and novelty

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 novelty is the state of being new or novel; newness.