lex commissoria

lex com·​mis·​so·​ria | \ -ˌkäməˈsōrēə \

Definition of lex commissoria

Roman & civil law
: a penalty clause for nonperformance of a contract: such as
a : a provision that a pledge shall be forfeited if a loan is not repaid
b : a condition that money paid on a contract of sale shall be forfeited and the sale rescinded if remaining payments are defaulted

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History and Etymology for lex commissoria

Late Latin

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Cite this Entry

“Lex commissoria.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lex%20commissoria. Accessed 27 Nov. 2020.

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