United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
acceleration clause — n: a clause (as in a loan agreement) that accelerates the date of payment in full under specified circumstances (as default by the debtor) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. acceleration clause … Law dictionary
Acceleration clause — An acceleration clause, in the law of contracts, is a term that fully matures the performance due from a party upon a breach of the contract. Such clauses are most prevalent in mortgages and similar contracts to purchase real estate in… … Wikipedia
Acceleration Clause — A contract provision that allows a lender to require a borrower to repay all or part of an outstanding loan if certain requirements are not met. An acceleration clause outlines the reasons that the lender can demand loan repayment. Also known as… … Investment dictionary
acceleration clause — noun : a clause (as in a loan contract) providing for advancement of the date of payment under specified circumstances * * * a provision of a mortgage, loan, or the like that advances the date of payment under certain circumstances. [1930 35] * * … Useful english dictionary
acceleration clause — noun a provision in a contract that makes all obligations to be performed under the contract due immediately upon a specific occurrence, such as a breach Joe was mortified to learn that his failure to make a scheduled car payment triggered an… … Wiktionary
acceleration clause — A provision or clause in a mortgage, note, bond, deed of trust, or other credit agreement, that requires the maker, drawer or other obligor to pay part or all of the balance sooner than the date or dates specified for payment upon the occurrence… … Black's law dictionary
acceleration clause — A provision or clause in a mortgage, note, bond, deed of trust, or other credit agreement, that requires the maker, drawer or other obligor to pay part or all of the balance sooner than the date or dates specified for payment upon the occurrence… … Black's law dictionary
acceleration clause — A clause in a note or mortgage stipulating that the whole debt secured thereby shall become due and payable upon the failure of the maker to pay the interest annually or to comply with any other condition of the contract. 11 Am J2d B & N § 181;… … Ballentine's law dictionary
acceleration clause — a provision of a mortgage, loan, or the like that advances the date of payment under certain circumstances. [1930 35] * * * … Universalium
acceleration clause — A provision in a loan document stating that the entire amount of unpaid indebtedness owed to the lender may become immediately due and payable if the borrower defaults. American Banker Glossary A contract stating that the unpaid balance becomes… … Financial and business terms
