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Glossary: Acceleration Clause
Acceleration Clause is a clause in a mortgage or trust deed that stipulates the entire debt is due immediately if the mortgagee defaults under the terms of the contract. Acceleration clause is a typical clause in a loan contract; miss one payment and the agreement to pay at regular intervals is voided and the entire amount becomes due and payable immediately.
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Definition: Acceleration ClauseClick here for more Acceleration Clause / Dictionary of Terms
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