en novation 1
agreement whose purpose is to extinguish an obligation and create a new obligation in its place, ... novation may be defined as a juridical act, which extinguishes an obligation by creating a new obligation which it substitutes for it ..., poolte kokkulepe ühe võlasuhte asendamise kohta teisega ühtede ja samade isikute vahel; võlasuhte lõppemise alus
fr novation 1
agreement whose purpose is to extinguish an obligation and create a new obligation in its place, ... novation may be defined as a juridical act, which extinguishes an obligation by creating a new obligation which it substitutes for it ..., poolte kokkulepe ühe võlasuhte asendamise kohta teisega ühtede ja samade isikute vahel; võlasuhte lõppemise alus

fr

novation

Terminological databases

EKI terminibaas Esterm

ID 690731 Last modified 26.05.2005

Domain civil law

uuendamine

novation

novation

Schuldumwandlung

uudistaminen

poolte kokkulepe ühe võlasuhte asendamise kohta teisega ühtede ja samade isikute vahel; võlasuhte lõppemise alus

agreement whose purpose is to extinguish an obligation and create a new obligation in its place, ... novation may be defined as a juridical act, which extinguishes an obligation by creating a new obligation which it substitutes for it ...

uuendamine

novation

Usage examples

The competent authorities may recognize as risk-reducing the following types of contractual netting: (i) bilateral contracts for novation between a credit institution and its counterparty under which mutual claims and obligations are automatically amalgamated in such a way that this novation fixes one single net amount each time novation applies and thus creates a legally binding, single new contract extinguishing former contracts;

novation

Schuldumwandlung

uudistaminen

in the EU's IATE term base