См. также: accord and satisfaction, acceptance given in advance, accountancy firm, accounts
An acceleration clause is a contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain requirements are not met. An acceleration clause outlines the reasons that the lender can demand loan repayment and the repayment required. (Investopedia)
Prior to filing for Chapter 11, 1141 Realty Owner LLC, (the Debtor) received a notice of default and acceleration from Wilmington Trust NA (Wilmington). Wilmington demanded immediate repayment in full of the entire outstanding debt ... (Mondaq)
The term 'acceleration', in the context of a loan, refers to the declaration (usually by notice) by a lender (or lenders in a syndicated facility), that the loan (and certain other borrower liabilities under the loan) must be repaid early, ie before the agreed repayment date. The lender(s) will typically only be permitted to demand early repayment of a loan under certain circumstances. These will be set out in the loan agreement and are termed ‘events of default’. (LexisNexis)
• acceleration
