Briefly Explain What an Acceleration Clause Is,what It Does,and the Incentive

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The Answer is Credit agreements normally permit the lender to call the entire loan based on default of one payment,through what is known as an acceleration clause.The default accelerates the time when the entire debt is due to the date of the default,thereby giving the debtor an incentive to make timely payments.

Briefly Explain What an Acceleration Clause Is,what It Does,and the Incentive

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Briefly Explain What an Acceleration Clause Is,what It Does,and the Incentive

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Correct Answer:VerifiedShow Answer

Correct Answer:
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