Acceleration Clause

Abstract Of Title Reading Acceleration Clause 1 minute Next Accretion

Definition:  A condition in a mortgage that the entire unpaid balance becomes due and payable if the borrower defaults on the promissory note.

Pronunciation:    ik-ˌse-lə-ˈrā-shən

Used in a Sentence:    The lender activated the acceleration clause in the mortgage when the borrower stopped making payments.

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