JimmyM:
Did a quick search on "speaker clipping". Not much comes up other than a few things related to car stereo. But when "amp clipping" is searched, there is a ton of info on it due to the fact that the term "clipping" in audio refers to amplifiers, not speakers. Speakers can run into problems such as "over-excursion". Here is a quick google searched find on amp clipping...

" Musical transients, those instant bursts of musical information that are loud, can cause an amp to reach its operating limits. When that happens, the sound wave from the amp is corrupted and it can take the speaker out of its operating limits, thus causing damage to the speaker. It can be seen on an ocilliscope because a square sine wave will become jagged when the amp clips".