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Real Estate Glossary

Acceleration clause

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Richard Wilson
Written by Richard Wilson

An acceleration contract or an acceleration covenant is a mortgage contract provision that permits the lender to demand a borrower to repay the entire loan if certain requirements are not met. It indicates the reasons the lender can request loan repayment as well as the repayment required.

An acceleration contract or an acceleration covenant is a mortgage contract provision that permits the lender to demand a borrower to repay the entire loan if certain requirements are not met. It indicates the reasons the lender can request loan repayment as well as the repayment required.

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Richard Wilson

Richard Wilson

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