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novation
From The Collaborative International Dictionary of English v.0.48:
Novation \No*va"tion\, n. [L. novatio; novus new: cf. F.
novation.]
1. Innovation. [Obs.]
[1913 Webster]
I shall easily grant that novations in religion are
a main cause of distempers in commonwealths. --Laud.
[1913 Webster]
2. (Law) A substitution of a new debt for an old one; also,
the remodeling of an old obligation; debt restructuring.
[1913 Webster +PJC]
