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acceleration clause

American

noun

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

Etymology

Origin of acceleration clause

First recorded in 1930–35

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.