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Jack P. Friedman, Ph.D., Jack C. Harris, Ph.D., and J. Bruce Lindeman, Ph.D. - All books by this author
Barron’s Business Dictionaries - All books in this series As the real estate market begins to show signs of recovery, home buyers and sellers, as well as real estate professionals, investors, and attorneys can rely on this quick-reference source. More than 3,000 terms and definitions cover topics that include appraisal, architectural styles, brokerage, construction, development, environmental finance, mortgage types, zoning regulations, and much more. Includes graphs, charts, and line art.
ACCELERATION CLAUSE a loan provision giving the lender the right to declare the entire amount immediately due and payable upon the violation of a specific loan provision, such as failure to make payments on time. Example: Collins sells her house to Baker, who assumes the existing 8% interest rate mortgage. They do not notify the lender of the sale. Clause 17 in the mortgage states that the full principal accelerates unless the lender approves of the sale. Collins must now pay the balance of the principal.
About the Series:
Small in size but packed with detailed information, Barron's Business Dictionaries are extremely useful and economical reference sources for business students, business managers, and general readers seeking advice and information on specific business subjects. Each pocket-size book defines thousands of authoritative yet specialized terms within its subject area and features an abundance of diagrams, charts, and line art. These are must-haves for students and professionals alike.
Paperback / 576 Pages / 4 1/8 x 7 / 2013