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Novation
(redirected from novations)

    Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
Novation 

in civil law, an agreement between parties to substitute one obligation for another. Under Soviet law, novation is used in relations between citizens and between socialist organizations, most often in credit relations.
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They're negotiable securities or contracts, basically, and so there are novations of these contracts, which means that you have two parties at the beginning who have agreed to do a swap or whatever it is and then one party decides to lay off that risk on somebody else who's interested in taking it up.
'I think the SEC was distracted': outgoing Securities and Exchange ... by Gillespie, Nick; Welch, Matt / Reason
At the suggestion of Cargill's ebony council, we embarked on a strategic partnership with Boston-based Novations Group Inc.
Diversity & inclusion: insights from American Express, Cargill and ... by Heffes, Ellen M. / Financial Executive
Global consulting and training firm Novations Group surveyed 2,000 senior human resource and training and development executives about their experiences with major projects.
Solving the puzzle: insurers find that building a successful IT ... by Chordas, Loft / Best's Review
 
 
 
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