Acceleration clauses are terms in loan agreements that require the borrower to pay off the loan immediately if certain conditions are met.
Acceleration Clause n. this is a term used in law of contracts (for mortgages and real estate) which stands for full maturing of the performance due from a party upon a breach of one of the contract terms or non payment of one of the installations.
ACCELERATION - A payee's right to demand immediate payment of an entire loan balance, including payments otherwise due at a future time, if a promisor defaults under a promissory note's terms.
Acceleration North: Aircraft acceleration in true north direction. Acceleration: Rate of change of velocity, either scalar or vector.
Acceleration Clause: Any clause in a contract which spells out that when certain actions are taken, the clause comes into effect.
Acceleration clause A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.
ACCELERATION CLAUSE In a mortgage, note, bond, etc., that requires the debtor to pay all or part of the balance sooner than the date specified for payment upon occurrence of event or circumstance described in the contract.
Expanded Legal Definition of Ab AbsurdoAcceleration Clause A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.
to establish a right to workers' compensation benefits, there must be an employment relationship during which an accident or an injury arises in the course of employment and is related thereto, and includes aggravation, reactivation, acceleration or ...
[10] Since the rise of the state some 5,000 years ago,[11] military activity has occurred over much of the globe. The advent of gunpowder and the acceleration of technological advances led to modern warfare.
See also: Law, Lawyer, Attorn, Right, Attorney
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