ACCELERATION CLAUSE is a clause used in an installment note and mortgage (or deed of trust), which gives the lender the right to demand payment in full upon the occurrence of a certain even, such as failure to pay an installment payment by a certain date, change of ownership without the lenders consent, destruction of the property or any other event which endangers the security of the loan.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). acceleration clause. Retrieved September 23, 2026, from http://smartdefine.org/acceleration_clause/definitions/1146960 |
| Chicago | Barry Goldsmith. 2010. "acceleration clause" http://smartdefine.org/acceleration_clause/definitions/1146960 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, acceleration clause, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/acceleration_clause/definitions/1146960>. |
| MLA | Barry Goldsmith. "acceleration clause" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/acceleration_clause/definitions/1146960> |