Finance

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Definition

An accelerated clause is a term in a loan agreement that requires the borrower to pay off the loan immediately under certain conditions.

Overview

An accelerated clause is typically invoked when the borrower materially breaches the loan...

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INTRODUCTION

Title X of the Dodd-Frank Act (aka: "Consumer Financial Protection Act of 2010"), created the Consumer Financial Protection Bureau ("CFPB" or "Bureau") as an independent agency within the Board of Governors of the Federal Reserve System...

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Defendant Dura Pharmaceuticals ("Dura") is a publicly traded company that develops and markets prescription pharmaceuticals for the treatment of allergies and asthma. The plaintiffs are investors who purchased Dura stock between April 15, 1997 and...
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Overview

A negotiable instrument is any financial document that directs payment to its holder or a named party. More specifically, a negotiable instrument must be written, signed by the maker, include an unconditional promise or order to pay a sum of...

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The Securities Act was Congress's opening shot in the war on securities fraud. Congress primarily targeted the issuers of securities. Companies which issue securities (called issuers) seek to raise money to fund new projects or investments or to expand...