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:

Tight Junctions

Specialized connections between adjacent cells in animal tissues that prevent the passage of materials between the cells.

Plasma Membrane

The lipid bilayer boundary encasing the cytoplasm of a cell, controlling the passage of substances in and out of the cell.

Membrane-Bound Organelles

Structures within a cell that are surrounded by a lipid bi-layer membrane, each performing a distinct function.

Cytoplasm

The gel-like substance inside a cell, excluding the nucleus, which contains cell organelles and is the site of numerous cellular processes.