Acceleration Clause Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Acceleration Clause, written in plain English, along with examples of how it is used.
What is 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. Say for example, if any one of the installments go unpaid on time the holder may demand entire amount being unpaid and demand it being paid immediately instead of further installments.