accelerate

accelerate ac‧cel‧e‧rate [əkˈseləreɪt] verb

1. [intransitive, transitive] to happen more quickly, or make something happen more quickly:

• Economic growth should accelerate as the year goes on.

• There are fears that higher oil prices would accelerate inflation.

2. [intransitive] ECONOMICS when the economy accelerates, demand for goods increases:

• The President will strive to keep the economy accelerating as the election nears.

3. [transitive] FINANCE to agree that a debt should be repaid more quickly, either because the borrower and lender both want this, or because the borrower has failed to make necessary payments and the lender has the right to demand full repayment:

• If you get behind on your house payments, the creditor may call the loan in default, accelerate the debt, and begin foreclosure proceedings.

• A demand has now been made for accelerated payment of the debt.

— acceleration noun [uncountable] :

• The major risk is that a sharp acceleration in inflation may increase the budget cash deficit.

• 59 consecutive months of economic acceleration

• Failure to resolve the default within 30 days could trigger acceleration of the repayment schedule.

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accelerate UK US /əkˈseləreɪt/ verb [I or T]

► to go faster or make something go faster: »

The car can accelerate to 60 miles per hour in just 6 seconds.

»

Inflation is likely to accelerate this year, adding further upward pressure on interest rates.

»

They use chemical treatments to accelerate the growth of crops.