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: a condition that money paid on a contract of sale shall be forfeited and the sale rescinded if remaining payments are defaulted

Word History

Etymology

Late Latin

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