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to substitute a new obligation for an old one by mutual agreement
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|Verb||1.||novate - replace with something new, especially an old obligation by a new one|
jus civile, Justinian code, Roman law, civil law - the legal code of ancient Rome; codified under Justinian; the basis for many modern systems of civil law
replace - substitute a person or thing for (another that is broken or inefficient or lost or no longer working or yielding what is expected); "He replaced the old razor blade"; "We need to replace the secretary that left a month ago"; "the insurance will replace the lost income"; "This antique vase can never be replaced"