Acceleration

From LawDepot Law Library

Jump to: navigation, search

Definition of "Acceleration"

In financing, acceleration occurs when the Debtor fails to make the agreed upon payments (the Debtor has defaulted on the loan) and the lender takes action to recover the entire loan immediately from a Debtor and/or a Guarantor.

"Acceleration" is referred to in the following legal documents:

Corporate Guarantee

Personal Guarantee

See also:

Default

Retrieved from "http://wiki.lawdepot.com/wiki/Acceleration"