Louisiana Notary Vocabulary with Complete Solutions

Louisiana Notary Vocabulary with Complete SolutionsLouisiana Notary Vocabulary with Complete SolutionsLouisiana Notary Vocabulary with Complete Solutions Abstract - ANSWER-An abstract is a history of the title to property as revealed by the public records. Acceleration clause - ANSWER-Clause used in an installment note and mortgage which gives the lender the right to demand payment in full upon the happening of a certain event, such as failure to pay an installment by a certain date, change of ownership without the lender's consent, destruction of the property, or other event in which endangers the security of the loan. Accessory contract - ANSWER-A contract is necessary when it is made to provide security for the performance of an obligation. Suretyship, mortgage, pledge, and other