|
Today's Terms
Acceleration Clause
Definition:
A clause (often in mortgages or other loans) where some action will occur ahead of schedule as a result of some other action. For example, an acceleration clause in a loan may mean that the full amount is due immediately if the debtor misses two monthly payments in a row.
Business Plan
Definition:
A business plan contains all the information about your business: name, location, number of employees, how the business is organized, management team, the business's purpose, products and/or services and how they will be rendered, target markets, equipment needs, and any other pertinent information.
Debt Capital
Definition:
Business financing that normally requires periodic interest payments and repayment of the principal within a specified time.
More Business Lawyers.com Terms >
|
Did You Know?