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Complete Definition of "acceleration clause"

wikipedia|Acceleration clause
English

Noun
en-noun|sg=acceleration clause

  1. legal 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

#: Joe was mortified to learn that his failure to make a scheduled car payment triggered an acceleration clause requiring that the entire balance due on the car must be paid immediately.

ru:acceleration clause

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