As colloquially applied to a note, bond, mortgage, lease, etc, this term signifles that the clauses providing the creditor’s remedy in case of default (as, by foreclosure, execution, distress, etc.) are summary and stringent
As colloquially applied to a note, bond, mortgage, lease, etc, this term signifles that the clauses providing the creditor’s remedy in case of default (as, by foreclosure, execution, distress, etc.) are summary and stringent