- acceleration of maturity
- The shortening of the time for the payment ofa note or the payment of money called for by a contract. 11 Am J2d B & N §§ 179 et seq; 17 Am J2d Contr § 337. Making all instrument to become due and payable prior to the maturity date stated therein by the payee’s exercise of an option provided him. The operation of an automatic provision for acceleration upon default. 11 Am J2d B & N §§ 179 et seq.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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