novate

Verb
  1. Replace with something new, especially an old obligation by a new one (synset 200578407)
    referred to in: civil law, jus civile, justinian code, roman law - the legal code of ancient Rome; codified under Justinian; the basis for many modern systems of civil law
    is a type of: replace - substitute a person or thing for (another that is broken or inefficient or lost or no longer working or yielding what is expected)

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