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 16 Nov. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!