noun Télécharger 🔗Partager Novation, remplacement de contrat 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. " En raison des difficultés financières de l'entreprise, une novation s'est produite et la chambre de compensation est devenue la nouvelle contrepartie de tous les accords commerciaux en cours. business finance law economy Chat avec IAJeu de vocabulairePratiquer la lecture
noun Télécharger 🔗Partager Novation 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. " Grâce à la novation, Maria a transféré son bail d'appartement à son amie Sarah, libérant Maria de son contrat de location initial. law business finance commerce Chat avec IAJeu de vocabulairePratiquer la lecture
