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Novated lease

(Austral) a system for purchasing a car in which an employer makes lease payments on behalf of an employee who eventually owns the car


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  • Novation

    [noh-vey-shuh n] /noʊˈveɪ ʃən/ noun 1. Law. the substitution of a new obligation for an old one, usually by the substitution of a new debtor or of a new creditor. 2. the introduction of something new; innovation. /nəʊˈveɪʃən/ noun 1. (law) the substitution of a new obligation for an old one by mutual agreement between […]

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    [nuh-vah-toh] /nəˈvɑ toʊ/ noun 1. a city in W California, N of San Francisco.

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  • Novel

    [nov-uh l] /ˈnɒv əl/ noun 1. a fictitious prose narrative of considerable length and complexity, portraying characters and usually presenting a sequential organization of action and scenes. 2. (formerly) (def 1). [nov-uh l] /ˈnɒv əl/ adjective 1. of a new kind; different from anything seen or known before: a novel idea. [nov-uh l] /ˈnɒv əl/ […]

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