novasi

Finnish

Noun

novasi

  1. inflection of nova:
    1. second-person singular possessive form of nominative/genitive singular
    2. second-person singular possessive form of nominative/accusative plural

Indonesian

Etymology

Borrowed from Dutch novatie (“novation”), from Latin novātiō (“a renewing, rennovation”), from novō, from novus (“new”).

Pronunciation

  • IPA(key): /noˈva.si/, [noˈfa.si]
  • Rhymes: -si
  • Hyphenation: no‧va‧si

Noun

novasi (plural novasi-novasi)

  1. (finance, law) novation:
    1. 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
    2. a new contract between the original contracting parties whereby the first obligation is extinguished and a new obligation is substituted

Alternative forms

Further reading

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