novation noun. [nǝ(ʊ)'veɪʃ(ǝ)n] Chiefly Scot. E16.
[Late Latin novatio(n-), formed as NOVATE: see -ATION.]
1. The introduction of something new; a change, an innovation, esp. an undesirable one. Now rare. E16.

2. Law. The substitution of a new contract in place of an old one, esp. one whereby debtors are substituted. E16.

[TahlilGaran] English Dictionary ▲