- Home
- Bankruptcy and Bankruptcy Code
- Business Entities
- Departmental Operations
- Credit Practices
- Collection Practices
- Legal Remedies
- Accounts Receivable; A/R; Accounts Receivable Administration
- Basic Collection Procedures
- Collection Agencies
- Collection Time Line; Scheduling Collection Follow Ups
- Debt Collection Tips; Collecting from Delinquent Customers
- Consumer vs. Commercial Collections
- Deduction Management; Deduction Write Off; The Deduction Management Process
- Documentary Collection Process, Documents against Payment; Documents Against Acceptance
- Documentary Collections Frequently Asked Questions
- Dunning Notices; Past Due Notices; Friendly Reminders
- Humor in Debt Collections
- Improving Collection Performance
- Monthly Statements; Monthly Customer Statements
- Negotiating With Delinquent Debtors
- Personal Visits; Advantages and Risks; Costs and Benefits
- Debtor Referral to a Collection Agency
- Telephone Collections, Telephone Tips; Collection Tips; Collection Tools
- Transferring Collection Assignments
- Partial Payments
- Skipped Invoices
- Alternative Dispute Resolution Options
- Partial Debt Forgiveness as a Debt Collection Tool
- Payment Plans; Extended Payment Plans
- Promissory Notes
- Acceleration Clause
- Myths and Misconceptions about Business to Business Collections
- Understanding the Role of the Accounts Payable Department
- Using a Customer's Uncertainty as a Collection Tool
- When to Place an Account for Collection
- Selecting a Third Party Collection Agency
- Credit Holds
- Account Assignments
- Issuing a Final Demand
- Quality vs. Quantity of Collection Calls
- Confronting Delinquent Debtors
- International Debt Collection
- The Power Balance in Debt Collections
- Ten Truths about Business Collections
- Complete Text of the FDCPA
- Financial Analysis
- Financing Methods
- International Credit
- Laws and Regulations
- Payment Methods
- Performance Measures
- Security Instruments
- Career Management, and Job Change
- Credit Website Tools
- Upcoming Educational Events
- Credit and Collections Tools and Tips
- Tips on Creating Better Emails
- Generating Effective Credit Correspondence
- Exporting
- Accounting
Acceleration Clause
A clause is a term or condition in a contract. An acceleration claun a Promissory Note is one that allows the payee to demand immediate payment of the entire balance including payments due at a future time if the Promissor defaults under the terms of a Promissory Note. A default would typically include missing one or more payments, or failing to make payments on time. A payee may require a repayment of all remaining installments if a promisor fails to make a regularly scheduled payment when due.
© 2010 by Michael C. Dennis. All Rights Reserved.