ipso facto clause
ipso facto clause
An "ipso facto clause" is a contractual term that generally allows a creditor to terminate a contract or a supply of service if an individual enters into proceedings under an insolvency statute. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • ipso facto clause — n: a clause in an agreement stipulating the consequences (as termination of a lease or acceleration of a payment) of the insolvency of one of the parties – called also bankruptcy clause, ipso facto bankruptcy clause; ◇ An ipso facto clause is… …   Law dictionary

  • ipso facto provision — USA ipso facto clause, Also known as an ipso facto provision or bankruptcy clause. A provision in an agreement which permits its termination due to the bankruptcy, insolvency or financial condition of a party. The Bankruptcy Code prohibits… …   Law dictionary

  • bankruptcy clause — n: ipso facto clause Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bankruptcy clause …   Law dictionary

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  • Index Librorum Prohibitorum — Title page of Index Librorum Prohibitorum (Venice 1564). The Index Librorum Prohibitorum (English: List of Prohibited Books) was a list of publications prohibited by the Catholic Church. A first version (the Pauline Index) was promulgated by Pope …   Wikipedia

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