Related Searches
on Ask.com
acceleration clause - 3 dictionary results
acceleration clause
–noun
| a provision of a mortgage, loan, or the like that advances the date of payment under certain circumstances. |
Origin:
1930–35
1930–35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source
|
Link To acceleration clause
acceleration clause
- A provision in a bond indenture that in the event of default allows the trustee or the holders of 25% of the principal amount of the outstanding issue to declare all of the principal and interest immediately. Calling for an acceleration is likely to cause the borrower to cure the default or seek bankruptcy protection.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Main Entry: acceleration clause
Function: noun
: a clause (as in a loan agreement) that accelerates the date of payment in full under specified circumstances (as default by the debtor)
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
Cite This Source
Cite This Source
Copyright © 2009, Dictionary.com, LLC. All rights reserved.
