See Also: Dormobile(dictionary)
acceleration(encyclopedia)
acceleration(dictionary)
Acceleration(medicine)
acceleration(dictionary)
Acceleration Request(money)
radial acceleration(medicine)
linear acceleration(medicine)
angular acceleration(medicine)
acceleration phase(medicine)

Acceleration Clause (money) and Dormobile (iou)


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.







Dormobile (iou)



Dormobile noun. Also dormobile. M20.
[from DOR(MITORY noun + AUTO)Mobile noun or Mobile adjective.]
(Proprietary name for) a kind of van whose rear compartment has windows and can be used for sleeping and eating in.