/kənˈdɪʃənz prɪˈsidənt klɔz/ – Phrase
Definition: Điều kiện tiên quyết.
A more thorough explanation: a term in a contract or other legal document outlining any events or actions that must be completed before performance under a contract can become due or a right can become effective
Example: The conditions precedent clause set out the conditions to be fulfilled by a corporate borrower.