- acceleration
- Making demand for payment in full for a debt that has not yet matured. Usually a remedy provided in a loan document for the lender to use in the event of default by the borrower. American Banker Glossary
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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.
• 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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acceleration UK US /əkˌseləˈreɪʃən/ noun [U]► an increase in the speed or rate of something: an acceleration in sth »There has been a rapid acceleration in the rate of growth of new orders.
a rapid/sharp/steady acceleration »The sharp acceleration of inflation is hitting consumers hard.
Financial and business terms. 2012.