See Also: Acceleration Clause(money)
Acceleration clause(finance)
Acceleration(medicine)
acceleration(dictionary)
acceleration(encyclopedia)
acceleration(dictionary)
Acceleration Request(money)
centripetal acceleration(encyclopedia)
radial acceleration(medicine)
acceleration phase(medicine)

Acceleration Clause (money)


Definition: Provision authorizing a lender to call a debtor's obligation due or demand additional collateral. An acceleration clause is one of those terms found buried in the fine print of a loan agreement. The Definition: loan agreement should spell out the specific events that will trigger acceleration of payment (fraud, bankruptcy, selling the company, or breaking loan covenants are just a few examples).

Definition: [crh] A contract stating that the unpaid balance becomes due and payable if specific actions transpire, such as failure to make interests paymDefinition: ents on time.