Novatio
Glossary of Technical Terms, Phrases, and Maxims of the Common Law · Frederic Jesup Stimson · 1881
Glossary of Technical Terms, Phrases, and Maxims of the Common Law
/., Novation. The substitution of a new debt or obligation for an old one, which latter is thereby extinguished. It is novation if either the debtor, the creditor, or the obligation be changed.