novation meaning in Tamil

Tamil words for novation

புத்தீடு, புதிதாக சேர்த்தல்

English meaning of novation

1. noun 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.
2. noun A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.

Full definition of novation

novation in a sentence

• An example of a novation is where an original debt which was payable in two instalments is novated to become payable in five installments.

novation in other languages

• novation in Urdu
• novation in Indonesian

Questions about novation in Tamil

What is the meaning of novation in Tamil?

Novation in Tamil is புத்தீடு, புதிதாக சேர்த்தல்.

novation என்பதன் தமிழ் அர்த்தம் என்ன?

Novation: புத்தீடு, புதிதாக சேர்த்தல்.

What does novation mean in English?

Novation means 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.