What does acceleration clause mean?
Definitions for acceleration clause
ac·cel·er·a·tion clause
This dictionary definitions page includes all the possible meanings, example usage and translations of the word acceleration clause.
Wiktionary
acceleration clausenoun
a provision in a contract that makes all obligations to be performed under the contract due immediately upon a specific occurrence, such as a breach
Wikidata
Acceleration clause
An acceleration clause, 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. Suppose, for example, the contract was for A to purchase Blackacre from B for $100,000, to be paid in 5 monthly installments of $20,000. If A makes the first two payments, but fails to make the third payment, an acceleration clause would require that A must immediately pay B the entire balance of $60,000, or lose his right to purchase Blackacre. A sample acceleration clause reads like this:
Numerology
Chaldean Numerology
The numerical value of acceleration clause in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of acceleration clause in Pythagorean Numerology is: 5
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"acceleration clause." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/acceleration+clause>.
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