A provision in a contract allowing the lender to require the borrower to repay all or part of the loan if certain conditions (failure to make payment) are not met or breached; normally appears on loan documents and mortgages; lender may require payment of full principal plus interest.
Real Estate Term Acceleration Clause
- Published Sep 9, 2019
- 761
This definition has been provided for general information purposes only and does not constitute legal, investment or other professional advice. You should seek the advice of a financial or real estate professional before making any type of investment.