An Acceleration Clause

question 10

Multiple Choice

An acceleration clause:

• A) Allows the borrower to pay the loan off early.
• B) Allows the borrower to reduce the principal balance at a faster rate.
• C) Allows the borrower to make subsequent draw-downs of the agreed upon principal.
• D) Allows the lender to make the full outstanding balance due immediately.

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Definitions:

Explicit Memory

Explicit memory is a type of long-term memory that involves conscious recollection of factual information, previous experiences, and concepts.

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Method Of Loci

A mnemonic technique that involves associating items to be remembered with specific physical locations.

Distributed Practice

A learning strategy that involves spreading study sessions and practice over time rather than concentrating them closely together, enhancing retention.