Acceleration clause

Final

A clause, usually in a mortgage, in which the entire balance of a debt becomes due and payable because of a certain event. Common examples of events that might trigger an acceleration clause are failing to pay an installment when due or selling a property subject to the mortgage without the approval of the mortgagee.

Source: Rypkema, Donovan D. Feasibility Assessment Manual for Reusing Historic Buildings. December 29, 2015.



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