- A contract provision which allows a party, such as an electric customer, to get out of it. Usually, there is a penalty.
Energy terms . 2014.
Look at other dictionaries:
escape clause — n: a clause in a contract that allows a party to avoid liability under the contract for specified reasons; esp: a provision in an insurance policy that denies coverage when other insurance covers the risk Merriam Webster’s Dictionary of Law.… … Law dictionary
escape clause — escape′ clause n. bus a provision in a contract that enables a party to terminate contractual obligations in specified circumstances • Etymology: 1940–45 … From formal English to slang
escape — Leaving physical confinement without permission. The departure or deliverance out of custody of a person who was lawfully imprisoned before he is entitled to his liberty by the process of law. The voluntarily or negligently allowing any person… … Black's law dictionary
escape hatch — Synonyms and related words: alternative, back door, back stairs, back way, bolt hole, boundary condition, catch, choice, clause, condition, covert way, donnee, ejection seat, emergency exit, escalator clause, escalier derobe, escape clause,… … Moby Thesaurus
provision — Synonyms and related words: TLC, abundance, accommodation, accordance, accumulation, amassment, anticipation, arrangement, award, awarding, backlog, basic training, bestowal, bestowment, board, boundary condition, bread, bread and butter,… … Moby Thesaurus
escape clause — a provision in a contract that enables a party to terminate contractual obligations in specified circumstances. [1940 45] * * * noun, pl ⋯ clauses [count] : a part of a contract that allows you to get out of the contract in a particular situation … Useful english dictionary
escape clause — a provision in a contract that enables a party to terminate contractual obligations in specified circumstances. [1940 45] * * * … Universalium
escape clause — noun a contract provision which specifies the conditions under which a party can be freed from an obligation … English new terms dictionary
escape clause — A provision in a contract that allows a party to be relieved from any obligation if a certain event occurs or does not occur. See condition precedent; condition subsequent … Business law dictionary
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium