The-definition.com

Definition

Acceleration clause

Acceleration clause is a contract stating that the unpaid balance becomes due and payable if specific actions transpire, such as failure to make interests payments on time.

Share it:  Cite

More from this Section

  • Petrodollars
    Petrodollars deposits of dollars by countries that receive dollar revenues due to the ...
  • Legal reserves
    Legal reserves is the assets that by law must be held behind bank’s deposits or other ...
  • Advising Bank
    Advising Bank the bank that notifies the exporter of the opening of a documentary credit ...
  • Capital Structure
    Capital Structure is the composition of a firm’s long-term financing consisting of equity, ...
  • Excess insurance
    Excess insurance under an excess insurance plan, the insurer does not participate in the ...