A contract provision that gives the right to terminate obligations upon the occurrence of specified conditions or events.
A clause in a loan agreement that allows a lender to ask for the outstanding balance at any time.
The provision in a policy that explains the conditions and terms to be complied with for the termination of a contract. Usually applied to the termination of a policy before its natural expiration, but may be used to describe the ending of any contract during its natural life, such as an agent's contract.
Keywords:  rescission, right, see
See Right to Rescission.