novate Synonyms

No Synonyms and anytonyms found

novate Meaning

Wordnet

novate (v)

replace with something new, especially an old obligation by a new one

novate Sentence Examples

  1. The original agreement was novated, resulting in a new contract between the parties.
  2. The creditor novated the debt by accepting a new debtor in place of the original one.
  3. The current lease was a novation of the previous lease, incorporating new terms and conditions.
  4. The novation of the mortgage transferred the obligation from the original borrower to a subsequent one.
  5. The supplier proposed a novation of the purchase order, changing the delivery date and payment terms.
  6. The insurance contract was novated when the insurer agreed to replace the original insured with a new one.
  7. The employment contract was novated following a change in corporate ownership.
  8. The government novated the public debt by issuing new bonds with different maturity dates and interest rates.
  9. The novation of the partnership agreement resulted in the admission of a new partner and the withdrawal of an existing one.
  10. 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.