Law Dictionary

acceleration clause

noun

Legal Definition of acceleration clause

  1. :  a clause (as in a loan agreement) that accelerates the date of payment in full under specified circumstances (as default by the debtor)


Learn More about acceleration clause


Seen and Heard

What made you want to look up acceleration clause? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

feeling or affected by lethargy

Get Word of the Day daily email!