What is acceleration?
n. 1) speeding up the time when there is vesting (absolute ownership) of an interest in an estate, when the interest in front of it is terminated earlier than expected; 2) in a contract or promissory note, when the payment of debt is moved up to the present time due to some event like non-payment of an installment or sale of the property which secures the debt.
Keywords for acceleration:
acceleration, legal term acceleration, legal dictionary, law dictionary
Date Approved: Apr 18, 2019
Viewed: 393 x
Last Viewed: Aug 17, 2022
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