acceleration
- The act of hastening the time when ownership of an estate becomes absolute or demanding immediate payment of a debt due to certain circumstances, such as the early termination of the preceding interest or violating terms like missing installments or selling the collateralized property
- Upon discovering the missed installments, the bank triggered the acceleration clause of the loan contract.
- The property sale led to acceleration of the payment schedule on the promissory note.
- In the recent inheritance case, the death of the life tenant led to the acceleration of the vested interests.
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