Vocab Bloom Hub

novate

/ˈnɒveɪt/

1 entry

verb

/ˈnɒveɪt/C2formal
  • ruГлагол, используемый для обозначения действия по замене старого обязательства или контракта новым, обычно в юридическом или финансовом контексте.

A verb used to indicate the act of replacing an old obligation or contract with a new one, typically in legal or financial contexts.

  1. Replace an obligationC1formallegal

    To replace an existing contract or obligation with a new one, often involving a change of parties or terms.

    ruЗаменить обязательство

    • The company decided to novate the contract to a new supplier.
    • They novated the lease agreement to include the new tenant.
    • The parties agreed to novate the debt to a different creditor.

    Synonymsreplacesubstitute