-
Home
- Business
- Financial Markets
- Real Estate Finance
- The purpose of an acceleration
-
Card 22 / 28: The purpose of an acceleration clause in a mortgage instrument is to
A)
allow the interest rate to be increased
B)
define that, in the event of default, all future payments become due immediately
C)
define that one late payments is an act in default
D)
increase payments at periodic intervals
Answer:
B) define that, in the event of default, all future payments become due immediately
-
Keyboard Shortcuts
| Previous Card |
← Previous Card Button |
| Next Card |
→ Next Card Button |
| Flip Card |
Space-Bar |
<< First
< Previous
Flip
Next >
Last >>
Hide Choices
Interactive Question
Quiz Home Page
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
