A Clause That Allows the Lender to Demand Immediate Payment

question 51

Short Answer

A clause that allows the lender to demand immediate payment of the entire balance on a note if the borrower misses the obligatory payments is known as a(n)____________________ clause.

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Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events, often within social, economic, or political contexts.

Dominance

The power or influence one entity has over others, often seen in social, economic, or ecological contexts.

Abstinence Pledges

Commitments often made by individuals, particularly teenagers, to abstain from sex until marriage.

Virginity

A social and cultural concept often defined as the state of having never engaged in sexual intercourse.