Acceleration Clause (Contracts) - Explained
What is an Acceleration Clause in a Contract?
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What is an Acceleration Clause?
An acceleration clause is a contract provision that permits a lender to demand an entire amount owed on a loan when the borrower breaches a loan agreement. Acceleration clause or contract commonly occur in real estate, mortgages, and other loan or debts agreement. Basic criteria for repayment of loan are usually outlined in the acceleration clause.
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