acceleration clause Definition

acceleration clause

Definition

A 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.

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acceleration clause appears in the definitions of these other terms on BusinessDictionary.com

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