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Acceleration clause
Acceleration clause
Acceleration clause refers to the loan provision that allows a lender, according to the terms of a mortgage or other loan contract, to make the entire unpaid balance of the loan (including principal and interest) due and payable if specified events of default should occur. We thank you for using the Insurance Dictionary to search for Acceleration clause. If you have a better definition for Acceleration clause than the one presented here, please let us know by making use of the suggest a term option. This definition of Acceleration clause may be disputed by other professionals. Our attempt is to provide easy definitions on Acceleration clause and any other insurance topic for the public at large. This dictionary contains 199 terms. |
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