Acceleration
10 definitions

Acceleration

The exercise of the clause in the mortgage which gives the lender the right to declare the entire amount of the mortgage due prior to the maturity date under certain specified conditions, typically payment default or due-on-transfer violation.

Acceleration

The right of the lender to demand payment on the outstanding balance of a loan.

Acceleration

A provision present in many bond contracts providing that the unpaid principal becomes immediately due and payable upon the occurrence of one or more specified events of default, either events that automatically result in acceleration or events that result in acceleration only after the issuer or obligor has failed to cure the default after notice.

Acceleration

A change in velocity with time; in seismology and in earthquake engineering, it is expressed as a fraction of gravity (g), with reference to vibrations of the ground or of a structure.

Acceleration

In terms of flow, acceleration is the time rate of change of the velocity vector, either of magnitude or direction or both.

Acceleration
"Acceleration": Loan documentation. A requirement for the immediate repayment of the whole of a loan by a borrower - regardless of the scheduled repayment terms - following an event of default.
Acceleration
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Increase in velocity per unit time; in transit, usually measured in feet per second squared (meters per second squared) or, in the United States, sometimes in miles per hour per second.

Acceleration

Science: in general, any increase in the speed or rate at which some process occur; in technical use acceleration and speed are not synonymous. Mechanics: the vector representing the rate of change in velocity vector over time. It is expressed in meters (or feet) per second per second, and it involves an increase or decrease in speed and a change in direction.

Acceleration

The right of the lender to demand payment on the outstanding balance of a loan.

Acceleration

Demand for immediate repayment of your entire federal student loan. The entire unpaid amount of your federal student loan becomes due and payable if you:

  • Receive loan money, but don't enroll at least half-time at the school that determined you were eligible to receive the federal student loan;
  • Use your loan money to pay for anything other than expenses related to your education at the school that determined you were eligible to receive the federal student loan;
  • Make a false statement that causes you to receive a federal student loan that you're not eligible to receive; or
  • Default on your federal student loan.
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About this term

Acceleration has been defined 10 different ways in documents like Learning Center Glossary, HUD Glossary, MSRB Glossary of Municipal Securities Terms, and 7 more.

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