insecurity clause


insecurity clause
A provision in a chattel mortgage which gives the mortgagee a right to take possession of the mortgaged chattels whenever he deems himself insecure. 15 Am J2d Chat Mtg § 202. A clause in an instrument for the payment of money which authorizes acceleration of maturity if and when the holder deems his claim insecure. 11 Am J2d B & N § 185.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • insecurity clause — n: a clause in an agreement (as a security agreement) allowing a party who deems himself or herself insecure to require immediate payment or performance or the giving of collateral Merriam Webster’s Dictionary of Law. Merriam Webster. 1996.… …   Law dictionary

  • insecurity clause — A provision found in some promissory notes that attempts to give the lender the right to demand payment in full at any time the lender deems itself insecure. More often than not, such a clause is unenforceable except when other material defaults… …   Financial and business terms

  • insecurity clause — Provision in contract that allows a creditor to make an entire debt come due if there is good reason to believe that the debtor cannot or will not pay. See also acceleration clause …   Black's law dictionary

  • insecurity clause — Provision in contract that allows a creditor to make an entire debt come due if there is good reason to believe that the debtor cannot or will not pay. See also acceleration clause …   Black's law dictionary

  • insecure clause — Same as insecurity clause …   Ballentine's law dictionary

  • insecure — Unsafe and dangerous. Not secure or safe; not certain. Impairment or loss of security. See acceleration clause insecurity clause …   Black's law dictionary

  • insecure — Unsafe and dangerous. Not secure or safe; not certain. Impairment or loss of security. See acceleration clause insecurity clause …   Black's law dictionary

  • insecure — in·se·cure adj: having a good faith belief that the prospect of receiving payment or performance from a party with whom one has contracted is impaired in·se·cu·ri·ty n Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …   Universalium

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium