Word: novation
Part of speech: Noun
Syllables: no
va
tion
Definition: 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.
Morphemes:
Affix: novation
Language: en
PoS: Noun
Meaning: 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.
Etymology Compounds: Affix: novātiō
Language: la
Decoded: novatio
Meaning: a renewing, rennovation