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: a condition that money paid on a contract of sale shall be forfeited and the sale rescinded if remaining payments are defaulted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