Payment blockade clause

A court or authority order prohibiting a debtor from making certain payments to creditors.

A sanctions measure that aims to block or restrict payments and financial transactions with designated persons, entities, or countries, by blocking tr...

A contractual provision in shipping, transport, or insurance contracts that governs or excludes liability, performance, or coverage in case of war or ...

A payment clause is a contractual provision that specifies the terms of payment, including amount, due date, payment method, and consequences of late ...

An agreement between buyer and seller specifying when and how payment for goods or services must be made, including the due date, payment terms, accep...

A delay in paying an amount due; failure to make a payment by the agreed due date, potentially incurring interest for late payment.