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Definition of Acceleration clause

Acceleration clause Definition from Business & Finance Dictionaries & Glossaries
Dictionary of Real Estate Terms
A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as the sale of the property, or a delinquency in the repayment of the note.
Acceleration clause Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
An acceleration clause —or acceleration covenant— 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 installments.

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Acceleration clause Definition from Law Dictionaries & Glossaries Legal Dictionary
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. - (read more on Acceleration clause)
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Canadian Insolvency Dictionary
Any clause in a contract which spells out that when certain actions are taken, the clause comes into effect.  A common acceleration clause is the clause in a lease that says if a company goes into bankruptcy, three months rent is due as a preferred claim.