Acceleration

{
  "id": "MLC-T-LAW-000293",
  "term": "Acceleration",
  "field": "Law",
  "definition": "A contract clause that allows a lender to demand immediate repayment of the entire outstanding balance of a loan upon the occurrence of a specific event, such as a missed payment. This provision protects the lender's interests by making the full debt due and payable. It is common in mortgage and installment loan agreements.",
  "url": "https://mlchart.com/terminology/law/acceleration/"
}