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 nouns the difference between novation and alteration

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 alteration is alteration.

In lang=en terms the difference between assignment and novation

is that assignment is a document that effects this transfer while novation is a new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.

As nouns the difference between assignment and novation

is that assignment is the act of assigning; the allocation of a job or a set of tasks while 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.

As nouns the difference between novation and nodation

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 nodation is the act of making a knot.

As nouns the difference between novation and nivation

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 nivation is erosion caused by freezing / thawing due to snow.

As nouns the difference between novation and notation

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 notation is (uncountable) the act, process, method, or an instance of representing by a system or set of marks, signs, figures, or characters.

As nouns the difference between ovation and novation

is that ovation is prolonged enthusiastic applause while 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.