lex commissoria

noun lex com·mis·so·ria \-ˌkäməˈsōrēə\

Definition of lex commissoria

Roman & civil law

  1. :  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if a loan is not repaid b :  a condition that money paid on a contract of sale shall be forfeited and the sale rescinded if remaining payments are defaulted

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Origin and Etymology of lex commissoria

Late Latin


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WORD OF THE DAY

to cast off or become cast off

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