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Finance Dictionary and Glossary of Investment Terms
Acceleration clause
Definition 1.
contract stating that the unpaid balance becomes due and payable if specific actions transpire, such as failure to make interests payments on time.
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Definition 2.
A provision that allows a lender to demand payment of the total outstanding balance or demand additional collateral under certain circumstances, such as failure to make payments, bankruptcy, nonpayment of taxes on mortgaged property, or the breaking of loan covenants.
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