Please Define the Following Key Terms

question 65

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Thales

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Definitions:

Acceleration Clause

A contractual term that comes into effect when there is a failure to make an instalment payment and which requires that the entire debt plus expenses be paid.

Installment Payment

A method of payment where the total cost is divided into smaller amounts, paid over a specified period of time.

Injunction

A legal directive compelling an individual or a group to initiate or halt a defined action.

Specific Performance

A legal remedy that compels a party to execute a contract according to its precise terms when monetary damages are inadequate.