Real Estate glossary
What is ACCELERATION CLAUSE?
ACCELERATION CLAUSE — The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately if the borrower defaults on an installment payment or other covenant.
Real Estate glossary
ACCELERATION CLAUSE — The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately if the borrower defaults on an installment payment or other covenant.