Home > Terms > English, UK (UE) > Acceleration clause
Acceleration clause
Clause used in an instalment note and mortgage (or deed of trust), which gives the lender the right to demand payment in full upon the happening of a certain event, such as failure to pay an instalment by a certain date, change of ownership without the lender's consent, destruction of property, or other event which endangers the security of the loan.
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- Part of Speech: noun
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- Industry/Domain: Business services
- Category: Relocation
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