acceleration

Acceleration is the advancing of a loan agreement 's maturity date so that payment of the entire debt is due immediately. It “changes the date of maturity from some point in the future to an earlier date based on the debtor's default under the contract.” Analytical Surveys Inc. v. Tonga Partners, L.P. , 684 F.3d 36, 44 (2nd Cir. 2012).

[Last reviewed in October of 2024 by the Wex Definitions Team ]

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