acceleration clause
DefinitionA provision that allows a lender to demand payment of the total outstanding balance or demand additional collateral under certain circumstances, such as failure to make payments, bankruptcy, nonpayment of taxes on mortgaged property, or the breaking of loan covenants.
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acceleration clause is ...
... part of the Lending & Credit subject.
... part of the Lending & Credit subject.
Related Terms
acceleration clause appears in the definitions of these other terms on BusinessDictionary.com
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