accelerate

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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.

References in periodicals archive ?
1) Internal people hours: accelerated filers required an average of 22,786 people hours internally in 2005.
To understand the present, and the options we face for the future, we must first take a brief look at the history of accelerated approval and how we got where we are.
As an alternative to existing audit procedures, landlords with Outstanding Liabilities will be given the option of requesting an Accelerated Audit.
The accelerated benefit is a payment from the insurance company--not a loan.
Accelerated learning, with its emphasis on experiential techniques, practicality, and humor, offers an effective means for law enforcement personnel to master a foreign language.
Those in educationally accelerated programs reported no detrimental effects from skipping grades or taking college-level courses.
Particles to be accelerated fly from one electrode to the other, and in doing so gain an amount of energy determined by the voltage difference (a certain number of electron-volts of energy for the same number of volts in the voltage difference).

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