BNET Business Dictionary
Business Definition for: Acceleration Clause
- 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.
Additional Resources
- Home Buyer's Vocabulary
- The article explains the definitions provided by the U.S. Department of Housing and Urban Development. That helps to clear the doubts related to real estate covering land acquisitions. Terms are defined as they are commonly understood in the mortgage and real estate industry. The definitions are intentionally general, non-technical and...
- White papers 2003-01-01
- The Mortgage
- Before the great depression of the 1930s, most real estate loans were straight loans. Borrowers paid the interest in a lump sum at the end of each year. It is no surprise that many people lost their homes and farms through foreclosure during these hard times. Real estate financing changed...
- White papers 2003-01-01
- MGIC Investment Corporation Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Thank you. [Operator Instructions] Our first question comes from Howard Shapiro. Howard Shapiro - Fox-Pitt Kelton Hi, a couple of questions. Given your new loss guidance for 2008, have you had any discussions with the rating agencies, are they still comfortable with...
- Earnings calls 2007-10-18
- Amdocs Limited F3Q08 (Qtr End 06/30/08) Earnings Call Transcript
- Question-and-Answer Session Operator Operator Instructions Your first question comes from Sterling Auty - JP Morgan. Sterling Auty - JP Morgan You’ve shown us the momentum here in the business with the acceleration of the top line. How do you feel the environment looks as you head into the...
- Earnings calls 2008-07-23
- Graphic Packaging Holding Company Q3 2009 Earnings Call Transcript
- Question-and-Answer Session Operator Operator Instructions Your first question comes from Bruce Klein - Credit Suisse. Bruce Klein - Credit Suisse Could you touch on just the contract pricing, if there’s a lot of in the near future and sort of I know old history was sort of done a...
- Earnings calls 2009-11-05
