Acceleration clause
Acceleration clause is a contract stating that the unpaid balance becomes due and payable if specific actions transpire, such as failure to make interests payments on time.
Category: Banking & Finance
Previous: ← Abusive tax shelter
Next: Accounting insolvency →
More from this Section
- Compulsory insurance law
Compulsory insurance law protecting accident victims against irresponsible motorists by ... - M2
M2 is a measure of money that adds to M1: money market deposit accounts, money market ... - Decision Tree (DT) Approach
A decision tree shows the sequence of possible managerial decisions and their expected ... - Aggregate price level
Aggregate price level is the average price of goods and services in an economy. ... - Winding up
Winding up of a company is done by paying the company’s creditors, and then distributing ...