An acceleration clause states that if you default on a secured loan,not only can the lender repossess whatever is secured,but if the sale of the asset does not cover what you owe,you can also be billed for the difference.

Question

Quizplus · Accepted Answer

The Answer of An acceleration clause states that if you default on a secured loan,not only can the lender repossess whatever is secured,but if the sale of the asset does not cover what you owe,you can also be billed for the difference.

An Acceleration Clause States That If You Default on a Secured