insecure clause

insecure clause
Same as insecurity clause.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • 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

  • 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

  • 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… …   Ballentine's law dictionary

  • 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

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