Financial Dictionary
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
M |
N |
O |
P |
Q |
R |
S |
T |
U |
V |
W |
Y |
Z
Acceleration Clause -
A provision that allows a lender to demand payment of
the total outstanding balance or demand additional collateral
under certain circumstances, such as failure to make
payments, bankruptcy, nonpayment of taxes on mortgaged
property, or the breaking of loan covenants.
Click Here to Go Back
to the Previous Page
Financial Dictionary
Main
|