ENGLISH → HINDI
novation
01
noun
नवीकरण; पुराने दायित्व के बदले नए दायित्व वाला नया अनुबंध
A new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted.
In a sentence
An example of a novation is where an original debt which was payable in two instalments is novated to become payable in five installments.
नवीकरण का उदाहरण यह है कि दो किस्तों में देय मूल ऋण को नवीकृत करके पाँच किस्तों में देय बना दिया जाए।
A note on usage
countable; uncountable