lex commissoria

noun 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b :a condition that money paid on a contract of sale shall be forfeited and the sale rescinded if remaining payments are defaulted

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Origin and Etymology of lex commissoria

Late Latin


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