INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-An [add-on | acceleration] clause allows the lender to demand repayment of the entire debt if the borrower defaults on his payments.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-An [add-on | acceleration] clause allows the lender to demand repayment of the entire debt if the borrower defaults on his payments.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

An acceleration clause allows the lender to demand repayment of the entire debt if the borrower defaults on his payments.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which