Resources › Glossary of Real Estate Terms




ACCELERATION CLAUSE

A provision in a written mortgage, note, bond or conditional sales contract that, in the event of default, the whole amount of principal and interest may be declared to be due and payable at once.



Copyright © 2007 Curbeau Realty  •  Finger Lakes Region  •  Keuka Lake  •  Penn Yan, NY  •  All Rights Reserved
DSD Web Works