novate
pronunciation
How to pronounce novate in British English:
UK ['nəʊveɪt]
How to pronounce novate in American English:
US ['noʊveɪt]
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- Verb:
- replace with something new, especially an old obligation by a new one
Word Origin
- novate (v.)
- "to replace by something new," 1610s, from past participle stem of Latin novare "to make new," from novus "new" (see new).
Example
- 1. Harmonisation of cds contracts meant that , in the jargon , they were easy to " novate " , or transfer to another party .
- 2. This agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns , fxcm may assign or novate any of our rights , benefits or obligations under this agreement and will provide referring broker written notice of any such assignment or novation .