plain intelligible language

plain intelligible language

simple language, easily read and understood, probably avoiding unnecessary jargon. The unfair terms in consumer contracts regulations require that contracts be written in such language without defining it. See UNFAIR CONTRACT TERMS.
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The time at which the imbalance must be assessed is the time the agreement was concluded; the scope of the terms must be drafted in plain intelligible language so the borrower is warned of potential risks, especially with regard to exchange rates.
The ECJ also decided that article 4.2 must be interpreted as meaning that the requirement that a contractual term must be drafted in plain intelligible language requires that, in the case of loan agreements, financial institutions must provide borrowers with sufficient information to enable them to take prudent and well-informed decisions.
It added that the terms relating to the charges were not written in "plain intelligible language", were not "clear and transparent" and in some cases they were even "liable to mislead customers".