n Without Prejudice - Acceleration clauses - ? : financial law

Volume 14, Issue 4
  • ISSN : 1681-178X



When a party to a contract defaults on one of their payments, one of the questions that arises is whether the creditor is entitled to accelerate payment for the entire amount. An acceleration clause is typically phrased in a manner that makes the full amount of a loan immediately due and payable. Any security the creditor may hold also becomes immediately executable.

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