Penalty Clause

Business / Finance / Penalty Clause: A clause found in contract agreements that provides for a penalty in the event of default.

Other Words for Penalty

Penalty Adjective Synonyms: punishment, discipline, penance, sentence, forfeit, fine, handicap, price, mulct, amercement, imprisonment, incarceration
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No Penalty

Life Style / Travel / No Penalty: Tickets that are refundable if returned, the refund is applied to the original credit card or by a travel voucher. MORE

Negative Pledge Clause

Business / Finance / Negative Pledge Clause: A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders. MORE

Multiple-Listing Clause

Business / Real Estate / Multiple-Listing Clause: A provision in an exclusive listing for the authority and obligation on the part of the listing broker to distribute the listing to other brokers in the multiple-listing organization. MORE

Nondisturbance Clause

Business / Real Estate / Nondisturbance Clause: An agreement where the mortgagee agrees to honor a tenants lease in the event that the mortgage is foreclosed. MORE

Nonforfeiture Clause

Business / Taxes / Nonforfeiture Clause: If there is a nonforfeiture clause in your insurance policy contract, and you have let the policy lapse because you haven’t paid a premium that’s due, you may qualify for the benefit named in the MORE

Peace Clause

Business / Agriculture / Peace Clause: Term used to refer to Article 13 of the Uruguay Round Agreement on Agriculture which exempts certain policies from challenges in the World Trade Organization so long as countries are meeting their com MORE

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