ENGLISH → NEPALI
novation
01
noun
नवीकरण; पुरानो दायित्वको सट्टा नयाँ दायित्व भएको नयाँ करार
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.
नवीकरणको उदाहरण यो हो कि दुई किस्तामा तिर्नुपर्ने मूल ऋणलाई नवीकरण गरी पाँच किस्तामा तिर्नुपर्ने बनाइन्छ।
A note on usage
countable; uncountable