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Amwelladmin (talk | contribs) (Created page with "A delinquent counterparty, borrower, or other miscreant can “default” on a contractual obligation without (necessarily) incurring the full, balls-out wrath of his...") |
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The process of taking that action: declaring an [[event of default]] or terminating a {{tag|contract}} is called “[[acceleration]]”. | The process of taking that action: declaring an [[event of default]] or terminating a {{tag|contract}} is called “[[acceleration]]”. | ||
Becomes quite important when considering concepts like [[cross | Becomes quite important when considering concepts like [[cross acceleration]] and [[cross default]]. Knowing what you know about acceleration from this article, can you guess what the difference might be? |