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  2. What is an acceleration clause? And what triggers it? - AOL

    www.aol.com/finance/acceleration-clause-triggers...

    It will outline what triggered the acceleration clause and include details on the amount you must pay and the deadline for making payment. Typically, the deadline is 30 days from the date of the ...

  3. Credit event - Wikipedia

    en.wikipedia.org/wiki/Credit_event

    A restructuring credit event, according to the ISDA, occurs when there is either a reduction in the interest rate or principal amount, a deferment or other postponement for payment, a change that causes subordination to obligations, or if there is any change in the composition of the payments interest and principal. [2]

  4. Standing order (banking) - Wikipedia

    en.wikipedia.org/wiki/Standing_order_(banking)

    The fundamental difference is that standing orders send payments arranged by the payer, while direct debits are specified and collected by the payee. [4] A standing order can be set up and modified only by the payer, and is for amounts specified by the payer to be paid at specified times (usually a fixed amount at a specified interval examples).

  5. Warrant of payment - Wikipedia

    en.wikipedia.org/wiki/Warrant_of_payment

    In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...

  6. Debtor - Wikipedia

    en.wikipedia.org/wiki/Debtor

    If the written agreement requires the debtor to pay a specific amount of money, then the creditor does not have to accept any lesser amount, and should be paid in full. Also, if there was no actual agreement but the creditor has proven to have loaned an amount of money, undertaken services or given the debtor a product, the debtor must then pay ...

  7. Student loans: New loan servicers may complicate payment ...

    www.aol.com/finance/student-loans-loan-servicers...

    Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider, according to the Consumer Financial Protection Bureau, after three loan service ...

  8. Why Fannie Mae Failed: Ex-CEO Blames Conflicting Mandates - AOL

    www.aol.com/news/2010-04-09-why-fannie-mae...

    A significant amount of the approximately $104 billion in loan losses came from higher-risk products, such as "Alt A," subprime and interest-only loans, and loans to people with poor credit ...

  9. Late Payment of Commercial Debts (Interest) Act 1998

    en.wikipedia.org/wiki/Late_Payment_of_Commercial...

    30 days after receipt of invoice (or the customer is told the amount due is payable). the agreed date for payment. The "statutory interest" rate chargeable, which is simple and not compound, is the Bank of England base rate plus 8%. The increment was set to allow the small business to cover late payments by bank borrowings.