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
- Petrodollars
Petrodollars deposits of dollars by countries that receive dollar revenues due to the ... - Legal reserves
Legal reserves is the assets that by law must be held behind bank’s deposits or other ... - Advising Bank
Advising Bank the bank that notifies the exporter of the opening of a documentary credit ... - Capital Structure
Capital Structure is the composition of a firm’s long-term financing consisting of equity, ... - Excess insurance
Excess insurance under an excess insurance plan, the insurer does not participate in the ...