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- Acceleration_clause abstract "An acceleration clause —or acceleration covenant— in the law of contracts, is a term that fully matures the performance due from a party upon a breach of the contract. Such clauses are most prevalent in mortgages and similar contracts to purchase real estate in installments.Suppose, for example, the contract was for A to purchase Blackacre from B for $100,000, to be paid in 5 monthly installments of $20,000. If A makes the first two payments, but fails to make the third payment, an acceleration clause would require that A must immediately pay B the entire balance of $60,000, or lose his right to purchase Blackacre (without getting a refund of his $40,000).A sample acceleration clause reads like this:In the event of default in the payment of any of the said installments or said interest when due as herein provided, time being of the essence hereof, the holder of this note may, without notice or demand, declare the entire principal sum then unpaid immediately due and payable.".
- Acceleration_clause wikiPageExternalLink acceleration_clause.html.
- Acceleration_clause wikiPageExternalLink ltrpromnot3.html.
- Acceleration_clause wikiPageID "2105504".
- Acceleration_clause wikiPageLength "1392".
- Acceleration_clause wikiPageOutDegree "7".
- Acceleration_clause wikiPageRevisionID "597863068".
- Acceleration_clause wikiPageWikiLink Blackacre.
- Acceleration_clause wikiPageWikiLink Category:Contract_clauses.
- Acceleration_clause wikiPageWikiLink Category:Contract_law.
- Acceleration_clause wikiPageWikiLink Contract.
- Acceleration_clause wikiPageWikiLink Law.
- Acceleration_clause wikiPageWikiLink Mortgage_loan.
- Acceleration_clause wikiPageWikiLink Real_estate.
- Acceleration_clause wikiPageWikiLinkText "Acceleration clause".
- Acceleration_clause wikiPageWikiLinkText "acceleration clause".
- Acceleration_clause wikiPageUsesTemplate Template:Contract_law.
- Acceleration_clause wikiPageUsesTemplate Template:Law-term-stub.
- Acceleration_clause subject Category:Contract_clauses.
- Acceleration_clause subject Category:Contract_law.
- Acceleration_clause hypernym Term.
- Acceleration_clause type Term.
- Acceleration_clause comment "An acceleration clause —or acceleration covenant— in the law of contracts, is a term that fully matures the performance due from a party upon a breach of the contract. Such clauses are most prevalent in mortgages and similar contracts to purchase real estate in installments.Suppose, for example, the contract was for A to purchase Blackacre from B for $100,000, to be paid in 5 monthly installments of $20,000.".
- Acceleration_clause label "Acceleration clause".
- Acceleration_clause sameAs Q16824652.
- Acceleration_clause sameAs m.06mg91.
- Acceleration_clause sameAs Q16824652.
- Acceleration_clause wasDerivedFrom Acceleration_clause?oldid=597863068.
- Acceleration_clause isPrimaryTopicOf Acceleration_clause.