- Enter a word for the dictionary definition.
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]