Failure to Make an Instalment Payment Will Often Trigger an Acceleration

question 110

True/False

Failure to make an instalment payment will often trigger an acceleration clause,which makes the entire outstanding debt due and payable immediately.

---

Definitions:

Employee Stock Ownership Plan

A program that provides a company's workforce with an ownership interest in the company through the acquisition of stocks.

Stock Options

Financial instruments that give employees the right to buy or sell shares of the company's stock at a predetermined price.

Incentive Pay

A form of compensation designed to reward employees for achieving specific performance targets, thereby motivating them to increase productivity.