An Acceleration Provision Provides That All Future Interest and Principal

question 56

True/False

An acceleration provision provides that all future interest and principal obligations on a loan become immediately due when default occurs.

---

Definitions:

Poisonous Snake

Describes a snake capable of delivering venom through a bite, which can be harmful or lethal to humans and other animals.

Alarm Reaction

The initial response of the body to a perceived threat, part of the stress response, involving physiological changes such as increased heart rate and adrenaline release.

Coping Strategy

Techniques or methods employed by individuals to manage and navigate through emotional stress or problematic situations.

Self-Blame

The tendency to hold oneself responsible for negative outcomes or situations, often associated with psychological distress.