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.
If you liked my post, feel free to subscribe to my rss feeds
Any advice given on this blog is my own opinion and not that of anybody else. That said - any advice taken from this blog is at your own risk. 
BlogoSquare