acceleration clause

American  

noun

1. a provision of a mortgage, loan, or the like that advances the date of payment under certain circumstances.

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Etymology

Origin of acceleration clause

First recorded in 1930–35

Example Sentences

Acceleration clause requires a loan to be repaid immediately under certain conditions.

From Reuters

It included an acceleration clause, meaning the balance came due at the time of a breach.

From New York Times

His worry is that if the country defaults, it could trigger what is known as an acceleration clause.

From BBC