Which of the following credit contract clauses requires that all remaining payments on an installment debt be paid on demand of the creditor after a specific number of payments are unpaid?

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The clause that requires all remaining payments on an installment debt be paid on demand of the creditor after a specific number of payments are unpaid is called acceleration. This clause allows the creditor to demand immediate payment of the entire outstanding balance after a certain amount of missed payments. Repossession refers to the right of the creditor to take possession of the collateral used to secure a loan, such as a car or house, if the borrower defaults on the loan. A balloon payment is a lump sum payment due at the end of a loan term, while a prepayment penalty is a fee charged by some lenders if a borrower pays off a loan early. Neither of these clauses is directly related to the scenario described in the question.

Which of the Following Credit Contract Clauses Requires That All