A clause in your mortgage that allows the lender to demand full payment. The most common reasons a lender would accelerate the loan is if the borrower does not pay the payments as agreed - sale of the property - or transfer of the title of the property to someone not approved by the lender.
Add your definition of Acceleration Clause to this glossary
Add alternate spelling for Acceleration Clause
© Copyright Real Estate Webmasters 2004-2013, All Rights Reserved. Terms of Service