Category: N

Lat. Novelty; newness; a new thing. Novitas non tam ntilitate prodest qnam novitate perturbat. A novelty does not benefit so much by its utility as it disturbs by its novelty. Jenk. Cent. p. 167, case 23.

In the civil law. Land that rested a year after the first plowing. Dig. 50, 16, 30, 2. Novatio non praesumitur. Novation is not presumed. Halk. Lat. Max. 109.

In ecclesiastical procedure. Facts “newly come” to the knowledge of a party to a cause. Leave to plead facts noviter perventa is generally given, In a proper ease, even after the pleadings are closed. Phillim. Ecc. Law, 1257; Rog. Ecc. taw, 723.

An agreement in Australia which allows businesses to lease transportation for its employees. However, a portion of the employee’s wage is deducted to cover the leasing costs. The company is liable for any default payments and accompanying taxeson the lease or purchase of the vehicle. In the event that the employee terminates his/her employment, the costs are transferred to the leaving employee.

New counts. The collection called “Novce Narrationes” contains pleadings iu actions during the reign BL.LAW DICT.(2D ED.)

In Scotch law. Open; notorious. A notour bankrupt is a debtor who, being under diligence by horning and caption of bis creditor, retires to sanctuary or absconds or defends by force, and is afterwards found insolvent by the court of session. Bell. Nova constitutio futuris formam im- ponere debet non prseteritis. A new state of the law ought to affect the future, not the past. 2 Inst. 292; Broom, Max. 34, 37.

A credit letter that is yet to be confirmed by a correspondent bank

Literally meaning irrespective of, the term is also used in the contractual sense. A statement in a contract that is used to highlight contractual obligations arising from multiple parts in the contract, which must be fulfilled irrespectively.

In legal proceedings, and In respect to public matters, this word is gen- erally, if not universally, used as importing a notice given by some person, whose duty it was to give it, in some manner prescribed, and to some person entitled to receive it, or be notified. Appeal of Potwine, 31 Conn. 384.

An equity market that is focused on novel and emerging firms that are leaders in their respective industries. Usually, companies with the potential to be a global leader or have already attained such recognition, are the targets of Nouveau Marche, which is also a sub-division of the Paris Stock Exchange.