acceleration

acceleration, n.

1. The advancing of a loan agreement’s maturity date so that payment of the entire debt is due immediately. [Cases: Bills and Notes 129(2). C.J.S. Bills and Notes; Letters of Credit §§ 76, 92–100.]

2. The shortening of the time for vesting in possession of an expectant interest. — Also termed acceleration of remainder. [Cases: Remainders

5. C.J.S. Estates §§ 77, 80.]

3. Property. The hastening of an owner’s time for enjoyment of an estate because of the failure of a preceding estate.

4. Securities. The SEC’s expediting of a registration statement’s effective date so that the registrant bypasses the required 20-day waiting period. — accelerate, vb.


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