novations background

novations

/noʊˈveɪʃənz/

Illustration novations - Image 1

noun

경개

Examples :

"The complex swap agreement was simplified through a series of novations, where the original counterparty was replaced by a more secure clearinghouse for each participant. "

복잡한 스왑 계약은 일련의 경개를 통해 단순화되었으며, 여기서 원래 상대방은 각 참가자를 위해 더 안전한 청산소로 대체되었습니다.

business finance law economy

Illustration novations - Image 1

noun

경개

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

Examples :

"The parents made a novation with the school, replacing the original agreement for their son's tutoring with a new one focused on improving his math skills. "

부모는 아들의 과외를 위한 원래 계약을 대체하여 수학 실력 향상에 초점을 맞춘 새로운 계약으로 학교와 경개를 맺었습니다.

law business finance commerce