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what is acceleration clause?
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Asked 9/11/2010 5:50:00 PM
Updated 12/26/2014 3:11:38 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by alfred123 [12/26/2014 3:11:30 AM]
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User: what is acceleration clause?

Weegy: If you become subject to the acceleration clause and are unable to pay the entire amount [ ]
Expert answered|cdfan76|Points 450|

Question
Asked 9/11/2010 5:50:00 PM
Updated 12/26/2014 3:11:38 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by alfred123 [12/26/2014 3:11:30 AM]
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3
Acceleration clauses are terms in loan agreements that require the borrower to pay off the loan immediately if certain conditions are met.
Added 12/26/2014 3:11:38 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [12/26/2014 3:34:51 AM]
Comments
An acceleration clause, in the law of contracts, is a term that fully matures the performance due from a party upon a breach of the contract. Such clauses are most prevalent in mortgages and similar contracts to purchase real estate in installments.
Added 9/12/2010 2:17:00 AM
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Questions asked by the same visitor
what is a sudsidized loan?
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Not Answered
Updated 12/26/2014 4:33:28 AM
2 Answers/Comments
Subsidized loan: A type of loan does not require the borrower to pay interest but rather has the interest paid by a third party.
Added 12/26/2014 3:10:48 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [12/26/2014 4:33:29 AM], Deleted by jeifunk [12/26/2014 4:33:31 AM], Undeleted by jeifunk [12/26/2014 4:33:35 AM], Confirmed by jeifunk [12/26/2014 4:33:49 AM]
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