acceleration clause

English

acceleration clause (plural acceleration clauses)

(law) a provision in a contract that makes all obligations to be performed under the contract due immediately upon a specific occurrence, such as a breach
Joe was mortified to learn that his failure to make a scheduled car payment triggered an acceleration clause requiring that the entire balance due on the car be paid immediately.

单词	acceleration clause
释义	acceleration clause English Noun acceleration clause (plural acceleration clauses) (law) a provision in a contract that makes all obligations to be performed under the contract due immediately upon a specific occurrence, such as a breach Joe was mortified to learn that his failure to make a scheduled car payment triggered an acceleration clause* requiring that the entire balance due on the car be paid immediately.*
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