novation novation

Definition(s):

  • (n) (law) the replacement of one obligation by another by mutual agreement of both parties; usually the replacement of one of the original parties to a contract with the consent of the remaining party

Usage(s):

  1. II Duce causes some few Italians to wear black shirtsno great in- novation, after all, among a shirt-wearing people.
  2. Whatever the ultimate dollars-and-cents value of the in novation to Alcoa, the announcement reflects the thirst for new markets that has kept the $1.
  3. Others regard his trick harmonics as a glorious, artistic in novation.

News

  • Innovation: The History of a Buzzword

    Wikimedia Commons The word innovation might be mantra of business leaders and the inevitable future star of The Atlantic   and Aspen Institute's forthcoming Aspen Ideas Festival . But the irony behind ...
    on June 20, 2013     Source: The Atlantic via Yahoo! Finance

Word of the Day
ambivalent ambivalent
/æm ˈbɪ və lənt /