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  2. Novation - Wikipedia

    en.wikipedia.org/wiki/Novation

    "Novation", as a legal term, is derived from the Roman law, in which novatio was of three kinds: substitution of a new debtor (expromissio, or delegatio), of a new creditor (cessio nominum vel actionum), or of a new contract. [3] The term was used by Henry de Bracton, a thirteenth-century English cleric and jurist. [3]

  3. Novated lease - Wikipedia

    en.wikipedia.org/wiki/Novated_lease

    A novated lease is a motor vehicle lease which has been novated, that is, the obligations in the contract have been transferred from one party to another.. A lease is novated with a three way agreement (Deed of novation) between the lessee, the lessor (usually a finance company), and a third party, under which all parties agree that the third party will take on some or all of the lessee's ...

  4. Central counterparty clearing - Wikipedia

    en.wikipedia.org/wiki/Central_Counterparty_Clearing

    Once a trade has been executed by two counterparties, it is submitted to a clearing house, which then steps between the two original traders' clearing firms and assumes the legal counterparty risk for the trade. For example, a trade between member firm A and firm B becomes two trades: A-CCP and CCP-B. This process is called novation.

  5. Accord and satisfaction - Wikipedia

    en.wikipedia.org/wiki/Accord_and_satisfaction

    The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement. A valid accord does not discharge the prior contract; instead it suspends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction, or performance of the ...

  6. Mortgage and refinance rates for Feb. 12, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    Average mortgage rates remain steady but elevated across the board as of Wednesday, February 12, 2025. All eyes are on this morning's consumer price index for clues as to whether the Federal ...

  7. Assignment (law) - Wikipedia

    en.wikipedia.org/wiki/Assignment_(law)

    Assignment [a] is a legal term used in the context of the laws of contract and of property. In both instances, assignment is the process whereby a person, the assignor, transfers rights or benefits to another, the assignee. [1] An assignment may not transfer a duty, burden or detriment without the express agreement of the assignee.

  8. Today’s NYT ‘Strands’ Hints, Spangram and Answers for Sunday ...

    www.aol.com/today-nyt-strands-hints-spangram...

    Move over, Wordle, Connections and Mini Crossword—there's a new NYT word game in town! The New York Times' recent game, "Strands," is becoming more and more popular as another daily activity ...

  9. Lawyers and advocacy groups advise members of the LGBTQ+ ...

    www.aol.com/lawyers-advocacy-groups-advise...

    “Lambda Legal secured the first U.S. passport with an ‘X’ gender marker for our brave client, Dana Zzyym, and we’ll continue to stand with Dana and all intersex, nonbinary, and transgender ...