Acceleration

Business, Legal & Accounting Glossary

Definition: Acceleration


Quick Summary of Acceleration


The action of a lender in demanding early repayment when a borrower defaults on a debt.




What is the dictionary definition of Acceleration?

Dictionary Definition


The action of a lender in demanding early repayment when a borrower defaults.

  1. uncountable The act of accelerating, or the state of being accelerated; an increase of motion or action; as opposed to retardation or deceleration.
  2. countable The amount by which a speed or velocity increases (and so a scalar quantity or a vector quantity).
  3. physics The change of velocity with respect to time (can include deceleration or changing direction).

Full Definition of Acceleration


A hastening; a shortening of the time until some event takes place.

A person who has the right to take possession of property at some future time may have that right accelerated if the present holder loses his or her legal right to the property. If a life estate fails for any reason, the remainder is accelerated.

The principle of acceleration can be applied when it becomes clear that one party to a contract is not going to perform his or her obligations. Anticipatory repudiation, or the possibility of a future breach, makes it possible to move the right to remedies back to the time of repudiation rather than to wait for the time when performance would be due and an actual breach would occur.


Synonyms For Acceleration


accelerating, accelerate, expedite, speed up, speeding up

Cite Term


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https://payrollheaven.com/define/acceleration/
Modern Language Association (MLA):
Acceleration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 17, 2021 https://payrollheaven.com/define/acceleration/.
Chicago Manual of Style (CMS):
Acceleration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/acceleration/ (accessed: October 17, 2021).
American Psychological Association (APA):
Acceleration. PayrollHeaven.com. Retrieved October 17, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/acceleration/

Definition Sources


Definitions for Acceleration are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th October, 2021 | 34 Views.