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novation

/noʊˈveɪʃən/

Meanings
noun

Novación

Replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party.

Examples :

"Due to the company's financial troubles, a novation occurred, and the clearing house became the new counterparty for all outstanding trade agreements. "
Debido a los problemas financieros de la empresa, se produjo una novación y la cámara de compensación se convirtió en la nueva contraparte de todos los acuerdos comerciales pendientes.
business finance law economy
noun

Novación

A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.

Examples :

"Through novation, Maria transferred her apartment lease to her friend Sarah, releasing Maria from her original rental agreement. "
A través de la novación, María transfirió el contrato de arrendamiento de su apartamento a su amiga Sarah, liberando a María de su acuerdo de alquiler original.
law business finance commerce

Related Words

Illustration obligation

obligation noun

/ɑb.ləˈɡeɪ.ʃən/

Obligación, compromiso

"My obligation to my family means I need to visit them regularly. "

Mi obligación con mi familia significa que necesito visitarlos regularmente.

Illustration financial

financial adjective

/faɪˈnænʃəl/

Financiero

"The financial situation at home has improved since my uncle started his new job. "

La situación financiera en casa ha mejorado desde que mi tío comenzó su nuevo trabajo.

Illustration outstanding

outstanding verb

/ˌaʊtˈstændɪŋ/ /ˌaʊʔˈstændɪŋ/

Resistir, aguantar

"The firefighters outstanding the intense heat for hours, keeping the fire from spreading. "

Los bomberos resistieron el intenso calor durante horas, evitando que el fuego se propagara.

Illustration particular

particular noun

/pəˈtɪkjələ/ /pəˈtɪkjəlɚ/

Detalle, punto

"The teacher pointed out a particular detail in the math problem that several students missed. "

El profesor señaló un detalle particular del problema de matemáticas que varios estudiantes no entendieron.

Illustration contracting

contracting verb

/kənˈtræktɪŋ/ /ˈkɑːntræktɪŋ/

Contraerse, acortar

"Example: "As the weather cooled down, the metal pipe started contracting, making a creaking sound." "

A medida que el clima se enfriaba, la tubería de metal comenzó a contraerse, emitiendo un crujido.

Illustration replacement

replacement noun

/ɹɪˈpleɪsmənt/

Reemplazo, sustituto

"My old bicycle tire was flat, so I bought a replacement. "

Mi viejo neumático de bicicleta estaba pinchado, así que compré un reemplazo.

Illustration substituted

substituted verb

/ˈsʌbstɪtjuːtɪd/ /ˈsʌbstɪtutɪd/

Sustituir, reemplazar

"I had no shallots so I substituted onion."

No tenía chalotes, así que sustituí con cebolla.

Illustration contracts

contracts noun

/ˈkɒntræktʃ/ /kənˈtrækts/

Contrato

"Marriage is a contract."

El matrimonio es un contrato.

Illustration extinguished

extinguished verb

/ɪkˈstɪŋɡwɪʃt/ /ɛkˈstɪŋɡwɪʃt/

Apagar, extinguir

"The firefighter extinguished the flames with a powerful blast of water. "

El bombero extinguió las llamas con un potente chorro de agua.

Illustration agreements

agreements noun

/əˈɡriːmənts/

Acuerdos, convenios

"to enter an agreement;  the UK and US negotiators nearing agreement;  he nodded his agreement."

celebrar un acuerdo; los negociadores del Reino Unido y Estados Unidos cerca de un acuerdo; asintió en señal de acuerdo.

Illustration transferred

transferred verb

/tɹænsˈfɜːd/

Transferir, trasladar

"to transfer the laws of one country to another; to transfer suspicion"

transferir las leyes de un país a otro; transferir la sospecha

Illustration counterparty

counterparty noun

/ˈkaʊntərˌpɑːrti/ /ˈkaʊntərˌpɑːrdi/

Contraparte

"In the loan agreement, the bank is one party, and the borrower is the counterparty. "

En el acuerdo de préstamo, el banco es una parte y el prestatario es la contraparte.