The English-Ukrainian Dictionary. Economics, Finance, Banking, Investmentss, Bank Loans. S. Ya. Yermolenko, V. I. Yermolenko. 2002.
novation — no·va·tion /nō vā shən/ n [Late Latin novatio renewal, legal novation, from Latin novare to make new, from novus new]: the substitution by mutual agreement of one obligation for another with or without a change of parties and with the intent to… … Law dictionary
discharge — dis·charge 1 /dis chärj, dis ˌchärj/ vt 1: to release from an obligation: as a: to relieve of a duty under an instrument (as a contract or a negotiable instrument); also: to render (an instrument) no longer enforceable a formal instrument...may… … Law dictionary
Novation — This article is about the legal term. For the keyboard manufacturer, see Novation Digital Music Systems. For the former modem manufacturer, see Novation CAT. For the Fringe television episode, see Novation (Fringe) … Wikipedia
novation — (1) The substitution of an existing debt with a newer debt. (2) An agreement to substitute an existing party to a contract with a new party. All of the original parties to the contract must agree to the substitution. American Banker Glossary… … Financial and business terms
novation — The extinguishment of one obligation by another, a concept of the civil law introduced into common law jurisprudence. 39 Am J1st Nov § 2. A contract that discharges immediately a previous contractual duty or a duty to make compensation and… … Ballentine's law dictionary
novation — Satisfaction and discharge of existing contractual obligations by means of their replacement by new obligations (whose effect, for example, is to replace gross with net payment obligations). The parties to the new obligations may be the same as… … Euroclear glossary
compromise — com·pro·mise 1 n: an agreement resolving differences by mutual concessions esp. to prevent or end a lawsuit compromise 2 vb mised, mis·ing vt: to resolve or dispose of by a compromise cases in which a dispute is compromised E. A. Farnsworth and W … Law dictionary
Vocoder — A vocoder ( /ˈvoʊk … Wikipedia
accord and satisfaction — n. A means of ending a dispute by forming an agreement (the accord) that one party will pay the other some consideration (the satisfaction, often less than the amount originally agreed to) and that this will discharge any remaining obligation.… … Law dictionary
accord — ac·cord 1 /ə kȯrd/ vt 1: to bring into agreement 2: to grant or give esp. as appropriate, due, or earned vi: to be consistent or in harmony ◇ Accord in this sense is often used to introduce a case or an authority that accords with the case or… … Law dictionary
accord and satisfaction — A method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement, the accord being the agreement and the satisfaction its execution or performance, and it is a new… … Black's law dictionary
