Acceleration | Practical Law

Acceleration | Practical Law

Acceleration

Acceleration

Practical Law UK Glossary 5-107-5836 (Approx. 3 pages)

Glossary

Acceleration.

The process whereby a lender declares a loan due and payable before the scheduled repayment date, usually as a result of an event of default occurring.
In construction and engineering law, the process whereby a contractor agrees to, or is instructed to, complete the construction works before the date it is otherwise contractually required to complete them.