acceleration clause
nounDefinitions
a provision in a contract that makes all obligations to be performed under the contract…
a provision in a contract that makes all obligations to be performed under the contract due immediately upon a specific occurrence, such as a breach
- Joe was mortified to learn that his failure to make a scheduled car payment triggered an acceleration clause requiring that the entire balance due on the car be paid immediately.
The neighborhood
Vish — recursive loop
No curated loop yet for acceleration clause. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA