GNU Collaborative International Dictionary of English

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Found one definition

1.       
   Novation , n. [L. novatio; novus new: cf. F. novation.]
   Innovation. [Obs.]
   1913 Webster
   I shall easily grant that novations in religion are a main cause of distempers in commonwealths.
   Laud.
   
   1913 Webster
   (Law) A substitution of a new debt for an old one; also, the remodeling of an old obligation; debt restructuring.
   1913 Webster
   +PJC