ACCELERATION CLAUSE

ACCELERATION CLAUSE

glossary /

ACCELERATION CLAUSE acceleration clause. A loan-agreement provision that requires the debtor to pay off the balance sooner than the due date if some specified event occurs, such as failure to pay an installment or to maintain insurance. Cf. DE-MAND CLAUSE; INSECURITY CLAUSE. [Cases: Bills and Notes 129(2). C.J.S. Bills and Notes; Letters of Credit ¡ì¡ì […]

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acceleration clause

glossary / , , , , , ,

acceleration clause Chinese: 加速到期条款，提前偿付条款 French: clause de déchéance du terme German: Fälligkeitsklausel, Klausel über Vorverlegung der Fälligkeit Italian: clausola di accelerazione (decadenza dal beneficio del termine) Spanish: cláusula de aceleración

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