An Acceleration Clause Allows the Lender to Require Immediate Repayment

question 130

True/False

An acceleration clause allows the lender to require immediate repayment of the interest due if you miss a payment.

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Definitions:

Cyclical Pattern

A series of events or actions that repeat in a predictable manner.

Self-Induced Vomiting

A behavior where individuals purposely provoke vomiting, often associated with eating disorders.

Diuretics

Medications designed to increase the amount of water and salt expelled from the body as urine, often used to treat high blood pressure.

Laxatives

Laxatives are substances that are used to stimulate bowel movements, often used in the treatment of constipation.