Third-person singular simple present indicative form of novate

(law) Replacement of a contract with one or more new contracts, in particular in financial markets the replacement of a contract between a particular buyer and seller with contracts between the clearing house and each party.

To replace something with something new / (law) To replace a contract (especially a financial contract) with one or more new contracts.

simple past tense and past participle of novate

present participle of novate

(obsolete, rare) An innovator.

plural of novation

plural of novator