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accelerate |
Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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accelerate To demand the full amount due under a contract even though the original agreement allowed payments over time. Almost all promissory notes and leases have acceleration clauses in the event of default.If it were not for such clauses,the lender or landowner could be required to file separate lawsuits when each payment was missed, or wait until the end of the term and sue for all at once. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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