lex commissoria
noun
lex com·mis·so·ria
-ˌkäməˈsōrēə
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: a condition that money paid on a contract of sale shall be forfeited and the sale rescinded if remaining payments are defaulted
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“Lex commissoria.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lex%20commissoria. Accessed 23 Nov. 2024.
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