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acceleration clause

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noun

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

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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

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Origin of acceleration clause

First recorded in 1930–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

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