Acceleration means the advancing of a loan agreement's maturity date so that payment of the entire debt is due immediately. In Analytical Surveys Inc. v. Tonga Partners, L.P., United States Court of Appeals, Second Circuit stated that “‘acceleration’ changes the date of maturity from some point in the future to an earlier date based on the debtor's default under the contract.”
See also: Acceleration Clause.
[Last updated in December of 2021 by the Wex Definitions Team]