Accelerate

accelerate -at·ed -at·ing vt : to bring about at an earlier time: as a : to advance (the maturity date of a security agreement) so that payment of the debt in full is due immediately see also acceleration clause b : to cause (a future interest in property) to vest by removing the preceding interests (as by failure or premature termination) vi : to enforce an acceleration clause [held that the creditor's right to was suspended "J. J. White and R. S. Summers"] ac·cel·er·a·tion n ...

acceleration clause

acceleration clause : a clause (as in a loan agreement) that accelerates the date of payment in full under specified circumstances (as default by the debtor) ...

loan acceleration

loan acceleration an acceleration clause in a loan document is a statement in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a monthly payment is missed. Source: U.S. Department of Housing and Urban Development ...

mortgage acceleration clause

mortgage acceleration clause a clause allowing a lender, under certain circumstances, demand the entire balance of a loan is repaid in a lump sum. The acceleration clause is usually triggered if the home is sold, title to the property is changed, the loan is refinanced or the borrower defaults on a scheduled payment. Source: U.S. Department of Housing and Urban Development ...

accelerated depreciation

accelerated depreciation see depreciation ...

Acceleration

Acceleration, the shortening of the time for the vesting in possession of an expectant interest....

acceleration

acceleration the right of the lender to demand payment on the outstanding balance of a loan. Source: U.S. Department of Housing and Urban Development ...

Accelerated Cost Recovery System

Accelerated Cost Recovery System : a method of calculating depreciation introduced in the Economic Recovery Tax Act of 1981 that results in faster recovery of costs for property put into service after 1980 by assigning it a shorter useful life than that previously allowed by the tax code ...

G suit

A suit worn by aviators and astronauts designed to counteract the effects of high accelerations experienced in aerial maneuvers in particular to avoid unconsciousness called also anti g suit It exerts force on the abdomen and legs to prevent blackouts by counteracting the tendency of blood to accumulate below the heart thus reducing the supply to the brain when the forces due to acceleration are directed from head to toe...

bevatron

a particle accelerator which is capable of accelerating protons up to 6 gigaeletron volts...

Accelerate - Law Dictionary Search Results