novate (Meaning)
Wordnet
novate (v)
replace with something new, especially an old obligation by a new one
Synonyms & Antonyms of novate
No Synonyms and anytonyms found
novate Sentence Examples
- The original agreement was novated, resulting in a new contract between the parties.
- The creditor novated the debt by accepting a new debtor in place of the original one.
- The current lease was a novation of the previous lease, incorporating new terms and conditions.
- The novation of the mortgage transferred the obligation from the original borrower to a subsequent one.
- The supplier proposed a novation of the purchase order, changing the delivery date and payment terms.
- The insurance contract was novated when the insurer agreed to replace the original insured with a new one.
- The employment contract was novated following a change in corporate ownership.
- The government novated the public debt by issuing new bonds with different maturity dates and interest rates.
- The novation of the partnership agreement resulted in the admission of a new partner and the withdrawal of an existing one.
- The contractor requested a novation of the construction contract to account for unforeseen material costs.
FAQs About the word novate
replace with something new, especially an old obligation by a new one
No synonyms found.
No antonyms found.
The original agreement was novated, resulting in a new contract between the parties.
The creditor novated the debt by accepting a new debtor in place of the original one.
The current lease was a novation of the previous lease, incorporating new terms and conditions.
The novation of the mortgage transferred the obligation from the original borrower to a subsequent one.
