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Agreements 101

What is an Acceleration Clause?

An acceleration clause is written into loan contracts and specifies when a loaner can demand the borrower repay the money they borrowed in full.

What is a Quote?

A quote is an itemized accounting of products or services to be rendered in a business transaction. Quotes differ from invoices in that invoices in that they are typically provided to the customer before work begins and/or products are officially purchased.

Author Ted Sclavos
Ted Sclavos
Stages of the negotiation process