Acceleration clause

From Real Estate

An acceleration clause is the condition in a mortgage that may require the balance of the remainder of the loan to become due immediately, if regular mortgage payments are not made, or for breach of other conditions of the mortgage.

This article is part of the Real Estate Wiki's glossary. To see the entire glossary, click here.
Quick Glossary: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z