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Sharp

Defined in 2 dictionaries — Black's (1910), Anderson (1889)

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

A "sharp" clause in a mortgage or other security (or the whole instrument described as "sharp") is one which empowers the creditor to take prompt and summary action upon defauit in payment or breach of other conditions.

A Dictionary of Law

William C. Anderson · 1889

In the sense of authorizing summary action, is used (perhaps locally) of a clause in a, mortgage or bond, or of the whole instrument itself, which provides for proceedings in execution immediately upon ' The Queen v. Bishop of Oxford, L. E., 4 Q. B. 257, B63 (1879); 1 Bam. & C. *85; 2 Dowl. & E. 172. » Broad v. Broad, 40 Cal. 496 (1871). 'Parker II. United States, 2 Wash. 363(1809). * See People v. Mc Cumber, 18 N. Y. 821 (1858); Thompson V. Erie E. Co., 45 id. 471 (1871); Way land v. Tysen, ib. 282-83 (1871); Littlejohn v. Greeley, 22 How. Pr. 345 (18B1); Gostorfs v. Taafe, 18 Cal. 388 (1861); Glenn v. Brush, 3 Col. 31 (1876); Greenbaum v. Turrill, 57 Cal. 287 (1881); Baker v. Foster, 29 Minn. 167 (1882); 1 Chitty, PI. 541. = See 49 111. 110; 13N. Y.98; 27 Barb. 371; 46 Tex. 15; 23 Wis. 655. • Field V. Pierce, 102 Mass. 261 (1869), Ames, J.; People V. Commissioners, 40 Barb. 353 (1863). ' Morrice v. Aylmer, L. E., 10 Ch. Ap. 155 (1874). default made in complying with any condition; as, for non-payment of money — principal, interest, premium of insurance, or taxes.