demand clause

demand clause. A provision in a note allowing the holder to compel full payment if the maker fails to meet an installment. Cf. ACCELERATION CLAUSE. [Cases: Bills and Notes 129(3). C.J.S. Bills and Notes; Letters of Credit§ 90.]

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词条贡献者

双语律师Peter，毕业于法国一流的高级翻译学院，擅长翻译涉及基础建设领域的法律文件。