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What is the difference between a census and a sample?
Acceleration Clause
A contractual clause that allows a lender to demand immediate repayment of all outstanding loans if certain conditions are violated.
Foreclosure
A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, often resulting in the forced sale of the asset used as collateral.
Default Notice Clause
A provision in a contract that specifies the conditions under which a party is considered in default and the notice that must be given to them.
Foreclosure Action
A legal process by which a lender seeks to recover the balance of a loan from a borrower who has stopped making payments.
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