See Also: penalty clause(dictionary)
Penalty clause(finance)
Penalty clause(money)
penalty(dictionary)
penalty(dictionary)
Penalty tax(money)
Penalty tax(finance)
Penalty(money)
Penalty bid(finance)
In the penalty box(finance)

UNINTELLIGIBLE (law) and Penalty clause (money)


UNINTELLIGIBLE (law)


UNINTELLIGIBLE. That which cannot be understood. 2. When a law, a contract, or will, is unintelligible, it has no effect 2. When a law, a contract, or will, is unintelligible, it has no effect whatever. Vide Construction, and the authorities there referred to. whatever. Vide Construction, and the authorities there referred to.

Penalty clause (money)


Definition: [crh] A clause found in contract agreements that provides for a penalty in the event of default.