Novation
Pronunciation : No*va"tion
Part of Speech : n.
Etymology : [L. novatio; novus new: cf. F. novation.]
Definition : 1. Innovation. [Obs.] I shall easily grant that novations in religion are a main cause of distempers in commonwealths. Laud.
2. (Law)
Defn: A substitution of a new debt for an old one; also, the remodeling of an old obligation.
Source : Webster's Unabridged Dictionary, 1913