Business Tools Blog

I will caveat this blog with …. I went to public school in Hammond, Indiana.

When I hear a new word, I am (1) not surprised that I don’t know the meaning, and (2) eager to add the new word to my Lexicon.  So over the past few days John Scarano has been using the word Novation.  (I’ve heard it at least 3 times)

So I looked up Novation on InvestorWords.com

The substitution of a new contract for an old one; or the substitution of one party in a contract with another party.

Thanks John, for adding a new word to my personal dictionary.