Novation novated (meaning or Spanish translation)

Posted by Mauricio Segura on September 29, 2003

Does the word novate exist? Why is not in the dictionary yet the terms novated contract and novated lease are so commonly seen in business contexts?

Can anyone give me light at to what they mean and if possible their possible equivanlent in Spanish, (or Italian or Portuguese or French)

Thank you

• Novation novated (meaning or Spanish translation) audrey barcia 06/October/03
• Novation ESC 29/September/03