Topic: Acceleration Clause
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What is an acceleration clause?
An acceleration clause , in the law of contracts, is a term that fully matures the performance due from a party upon a breach of the contract. Such clauses are most prevalent in mortgagesand similar contracts to purchase real estate in inst... Read More »
Source: http://wiki.answers.com/Q/What_is_an_acceleration_clause
What's an acceleration or alienation clause?
A condition in a note which declares it due immediately when the condition in the clause occurs. Read More »
Source: http://www.reposandmore.com/allthequestionspart2.htm
What's the meaning of Acceleration Clause?
A provision in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a monthly payment is missed. Read More »
Source: http://www.finance.spirita.net/loan1/mortgage-glossary-accelerati...
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Acceleration Clause
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Answers to Other Common Questions
The provision in a credit agreement, such as a mortgage, note, bond, or deed of trust, that allows the lender to require immediate payment of all money due if certain conditions occur before the time that payment would otherwise be due. The...
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Source: http://legal-dictionary.thefreedictionary.com/Acceleration+Clause
An “Acceleration Clause” allows the Lender to demand payment of the entire balance of the mortgage in one lump sum if a borrower is in default.
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Source: http://www.losingmortgage.com/?page_id=12
