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AFFILIATE BROKER NATIONAL EXAM
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4
May 2024
2023/2024
A+
acceleration - a provision in a mortgage, lease or land contract, which gives the lender,
lessor or vendor the option of declaring the entire balance due upon any default of the
borrower, lessee or vendee
acceptance - the receipt of a deed or other thing with the intention of retaining it;
agreement to terms offered, agreement by drawee of negotiable paper to pay same;
consent to an offer or contract
accession - the right to all which one's property produces; acquiring property proper...
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