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Business Glossary

Business Definition for: accelerate (a debt)

Dictionary of Real Estate Terms

accelerate (a debt)

recognize the full amount of a loan to be due after certain default.

Example:

See also acceleration clause

Related Terms:

acceleration clause

provision contained in a bond indenture requiring that in an event of default any remaining interest and principal become immediately due and payable.

Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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