a section of a contract which details how a loan may be required to be repaid early if the borrower defaults on other clauses of the contract
Wiktionary Definition for: Acceleration Clause
(''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
Ex: 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 must be paid immediately.
I. INTRODUCTION II. OVERVIEW OF THE ESTABLISHMENT, FREE EXERCISE, AND FREE SPEECH CLAUSES A. The Establishment Clause B. The Free Exercise Clause 1. Laws Aimed at...
New release extends F5's leadership in application acceleration by delivering advanced performance, unmatched flexibility and secure acceleration of SSL; Provides seamless, end-to-end acceleration services to any user regardless of location
As part of the separation of powers in the federal government, Article III, I of the United States Constitution guarantees federal judges "Compensation which shall not be diminished during their Continuance in office:" The purpose of this clause, often referred to as the Compensation Clause, is to minimize the risk...
The Commander in Chief Clause is a difficult, underexplored area of constitutional interpretation. It is also a context in which international law is often mentioned, but not fully defended, as a possible method of interpreting the Constitution. This Article analyzes why the Commander in Chief Clause...
Non-binding arbitration clause is enforceable under FAA. Wolsey, Ltd. v. Foodmaker, Inc., _ F.3d _, No. 96-56345, 1998 WL 257282 (9th Cir. May 19, 1998). The Ninth Circuit Court of Appeals held that an agreement containing a non-binding arbitration clause is enforceable under the Federal Arbitration Act FAA, 9 U.S.C....
MARKETS | A year after the Nasdaq's peak, we reveal FIVE LESSONS of one of the great manias. WHAT'S THIS?" asks Chico. "It's in every contract," replies Groucho. "That's what they call the sanity clause." Chico laughs and shoots back: "You can't fool me. There ain't no sanity clause!"...
Several weeks ago, under the title "Is It Permissible?" I discussed how Congress systematically abuses the Constitution's "welfare clause" to control our lives in ways that would have been an abomination to the Framers. Quite a few readers pointed to my omission of Congress' companion tool to circumvent both the...
We need education in the obvious more than investigation of the obscure. Oliver Wendell Holmes (1) I INTRODUCTION At least since an early article by Professor Melvin Nimmer in the 1970s, (2) there has been some...
Critics of the war clause contend that congressional preeminence in war making as commanded by the Constitution is no longer relevant to international politics. In a word, the constitutional arrangement for war and peace is obsolete. In spite of those criticisms, it is argued here that the values underlying the...
The Supreme Court has consistently decried the lack of standards for adjudicating partisan gerrymandering claims, most recently in last Term's Vieth v. Jubelirer. But it has ignored the potential for developing standards under the Elections Clause, which it held in Cook v. Gralike to bar attempts by state legislatures to...
The Recess Appointments Clause of the US Constitution was intended to allow the President to appoint officials without seeking Senate advise-and-consent only when the Senate was in recess after its yearly session had ended. The power to bypass the confirmation process has been exercised by recent Presidents during brief recesses...
SAN JOSE, Calif. -- Siemens Mobile Acceleration SMAC, the leading backer and investor for early-stage wireless companies, today announced it has extended its business scope by broadening its investment focus from wireless technologies to cover the entire communications sector. Additionally, it has adopted a new name, Siemens Acceleration in Communications,...
Consent to sue clause violates public policy. Peterman v. State Farm Mut. Auto. Ins. Co., 961 P.2d 487 (Colo. 1998). The Colorado Supreme Court held a consent to sue clause in an automobile insurance contract was void as against public policy. Here, the Petermans' car was hit by an uninsured...
Latency causes havoc on wide area networks by causing increased delays and under-utilization of links. When lost packets, latency, and under-utilization of bandwidth bog down transport and application response times, adding bandwidth to already under-utilized links is useless. What is needed is a combination of transaction acceleration and file transfer...
Scholars generally concur that with its federalism decisions, the Rehnquist Court has mounted a significant challenge to established constitutional doctrines, whether in regard to the commerce clause, enforcement clause (Section 5) of the Fourteenth Amendment, Tenth Amendment, or Eleventh Amendment. (1) The commerce clause was the...
BRUSSELS AFP ? The EU's Italian presidency proposed a compromise "mutual defence" clause for a new constitution to tackle concerns by neutral states opposed to being forced to help a partner under attack. Austria, Ireland, Finland and Sweden have held out against the proposed clause, modelled on a NATO...
BIRMINGHAM, England AFP — Milan Baros can walk away from Aston Villa in the close season as long as a potential buyer comes up with enough cash to activate his buy-out clause at Villa Park. Villa's operations director Steve Stride confirmed Tuesday the Czech international forward has a clause...
Gun-ownership cases usually revolve around Second Amendment issues. But United States v. Lopez, currently under consideration by the Supreme Court, involves the 10th Amendment and the Constitution's Commerce Clause. Because Lopez may strongly limit Congress's ability to invoke its right to regulate interstate commerce, the decision may be one of...
Silver Peak Systems ( www.silver-peak.com ), a leading provider of scalable Wide Area Network WAN acceleration solutions, today announced that its NX-7500 appliance has been selected "Acceleration Product of the Year" by Techworld, an IDG publication based in the UK. The Silver Peak solution was chosen over WAN acceleration...
