penalty clause — n 1: a clause (as in a contract) that calls for a penalty to be paid or suffered by a party under specified terms (as in the event of a breach) and that is usu. unenforceable ◇ A penalty clause differs from a liquidated damages clause by not… … Law dictionary
penalty clause — A clause found in contract agreements that provides for a penalty in the event of default. Bloomberg Financial Dictionary * * * penalty clause penalty clause ➔ clause * * * penalty clause UK US noun [C] ► LAW a statement in an official agreement… … Financial and business terms
penalty — An elastic term with many different shades of meaning; it involves idea of punishment, corporeal or pecuniary, or civil or criminal, although its meaning is generally confined to pecuniary punishment. Allied v. Graves, 261 N.C. 31, 134 S.E.2d 186 … Black's law dictionary
South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… … Wikipedia
Office of Fair Trading v Abbey National plc — OFT v Abbey National plc Court Supreme Court of the United Kingdom Full case name Office of Fair Trading v Abbey National plc and Others Date decided … Wikipedia
Use of capital punishment by country — The following is a summary of the use of capital punishment by country. Contents 1 Capital Punishment In The World 2 Africa 3 The Americas 4 Asia Pacific … Wikipedia
ASMAKHTA — (Aram. אַסְמַכְתָּא; support, reliance ), legal term with two connotations in the Talmud. (1) In rabbinical exegesis it denotes the use of a biblical text merely as a support for a halakhah without suggesting that the halakhah is thus actually… … Encyclopedia of Judaism
SHETAR — (Heb. שְׁטָר), formal legal document, or deed, derived from the Akkadian šatāru, meaning writing. Early Examples The term shetar is not found in the Bible, where the term sefer is used to denote a legal document, such as sefer keritut in… … Encyclopedia of Judaism
Refinancing — may refer to the replacement of an existing debt obligation with a debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent… … Wikipedia
Hercules Linton — (1 January 1836 15 May 1900) was a Scottish surveyor, designer, shipbuilder, antiquarian and local councillor, best known as the designer of the Cutty Sark and partner in the yard of Scott and Linton which built her.He was born in Inverbervie,… … Wikipedia
