The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SHARP Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

A “sharp” clause in a mortgage or other security (or the whole iustrument described as “sharp”) is one which empowers the creditor to take prompt and summary action upon default in payment or breach of other conditions.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.