Translation of "novation" into Estonian

uuendamine, (jur) vana kohustuse asendamine uuega are the top translations of "novation" into Estonian.

novation noun grammar

(law) 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. [..]

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English-Estonian dictionary

  • uuendamine

    In that case, the novation occurs without the consent of the original debtor.

    Sellisel juhul toimub uuendamine ilma vana võlgniku nõustolekuta.

  • (jur) vana kohustuse asendamine uuega

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