What is the definition of Leniency clause? | Dictionary.net

LENIENCY CLAUSE

\lˈiːnɪənsi klˈɔːz], \lˈiːnɪənsi klˈɔːz], \l_ˈiː_n_ɪ__ə_n_s_i k_l_ˈɔː_z]\

Definitions of LENIENCY CLAUSE

1910 - Black's Law Dictionary (2nd edition)

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Statement in promissory notes curbing default recovery, by lender agreement, if default occurs for reasons beyond the borrower's control, for a stated period of time.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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