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b : a condition that money paid on a contract of sale shall be forfeited and the sale rescinded if remaining payments are defaulted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