novation in German

novation in German is Neuerungsvertrag, Novation — novation means the replacement of a contract, or of one of the parties to it, by a new agreement that all parties consent to, so that the original obligations are extinguished.

novation in German

Neuerungsvertrag

noun

(legal) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.

Novation

noun

(legal) A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.

What does "novation" mean?

noun The replacement of a contract, or of one of the parties to it, by a new agreement that all parties consent to, so that the original obligations are extinguished.
"The lease was transferred by novation, releasing the outgoing tenant entirely."
noun In finance, the process by which a clearing house steps in between the two original parties to a trade and becomes the counterparty to each of them.
"Once the trade is accepted, novation makes the clearing house the buyer to every seller."

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C2 · Advanced serendipity Fortunate discoveries made entirely by accident.

Gen Z slang rizz Charm — the ability to attract a romantic interest.

B2 · Intermediate empathy The capacity to share another person’s feelings.

C1 · Advanced nonchalant Casually calm and relaxed; unconcerned.

Internet slang delulu Delusional — believing something against the odds.

Etymology nostalgia Greek nostos “return home” + algos “pain”.

C2 · Advanced serendipity Fortunate discoveries made entirely by accident.

Gen Z slang rizz Charm — the ability to attract a romantic interest.

B2 · Intermediate empathy The capacity to share another person’s feelings.

C1 · Advanced nonchalant Casually calm and relaxed; unconcerned.

Internet slang delulu Delusional — believing something against the odds.

Etymology nostalgia Greek nostos “return home” + algos “pain”.

novation in a sentence

The lease was transferred by novation, releasing the outgoing tenant entirely.
Novation of the supply contract required the client's written consent.
Once the trade is accepted, novation makes the clearing house the buyer to every seller.

Similar words in German

substitution

Common German translations

the of to AND A in I IS that for you IT

Frequently asked questions

What is "novation" in German?

"novation" in German is Neuerungsvertrag, Novation. novation means: The replacement of a contract, or of one of the parties to it, by a new agreement that all parties consent to, so that the original obligations are extinguished.

How do you use "novation" in a sentence?

Example: "The lease was transferred by novation, releasing the outgoing tenant entirely." In German, "novation" is Neuerungsvertrag, Novation.

Are there other ways to say "novation" in German?

Yes — German has 2 translations listed for "novation": Neuerungsvertrag, Novation.

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