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Acceleration
The right of the mortgagee (lender) to demand the immediate repayment of the mortgage loan balance upon the default of the mortgagor (borrower) or by using the right vested in the Due on Sale Clause.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking; Real estate
- Category: Mortgage; Mortgage
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