acceleration clause
noun
: a clause (as in a loan agreement) that accelerates the date of payment in full under specified circumstances (as default by the debtor)
Dictionary Entries Near acceleration clause
Cite this Entry
“Acceleration clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/acceleration%20clause. Accessed 23 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share