Definition: An acceleration clause permits a lender to demand the unpaid loan balance before its scheduled maturity when a specified contractual trigger occurs.
Example
After a qualifying default and required notices, a lender calls the remaining balance due.
Keep the distinction clear
Acceleration changes when the debt is due; it is not the foreclosure itself. Due-on-sale is a specific transfer-related trigger for possible acceleration.
Related terms
Due-on-Sale Clause · Default · Mortgage
Keep studying
Mortgages: Borrower, Lender, Ownership, and Key Clauses
References: FREC Course I syllabus: mortgage instruments and clauses
Pronunciation (US): ak-sel-er-AY-shuhn KLAWZ (capitals show stress)
Pronunciation reference: Merriam-Webster
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