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A.Word.A.Daywith Anu Garg
MEANING:noun: The replacing of an obligation, a contract, or a party to an agreement with a new one.
ETYMOLOGY:From novare (to make new), from novus (new). Ultimately from the Indo-European root newo- (new) that is also the source of new, neo-, novice, novel, novelty, innovate, renovate, misoneism (fear of change), and novercal (stepmotherly).
USAGE:"They are essentially contracts meant to be honoured subject only to agreed changes by novation."
S. Rajaratnam; Direct Taxes Code; The Hindu (Chennai, India); Aug 31, 2009.
See more usage examples of novation in Vocabulary.com's dictionary.
A THOUGHT FOR TODAY:We've all got both light and dark inside us. What matters is the part we choose to act on. That's who we really are. -J.K. Rowling, author (b. 1965)