Lending Basics
Default Cure Period
The grace period a lender provides after a default event during which the borrower may remedy the violation before the lender exercises remedies such as acceleration or collateral seizure. Typically 10–30 days.
Lending Basics
The grace period a lender provides after a default event during which the borrower may remedy the violation before the lender exercises remedies such as acceleration or collateral seizure. Typically 10–30 days.