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