Accelerate
/əkˈseləˌreɪt/
Definitions
- (v.) To speed up the performance or execution of a legal obligation or process.
The parties agreed to accelerate the timeline for contract fulfillment.
- (v.) To bring about the earlier payment of a debt or obligation, often by declaring it due before maturity under a contractual clause.
The lender chose to accelerate the loan repayment after the borrower defaulted.
Forms
- accelerates
- accelerated
- accelerating
Related terms
See also
Commentary
In legal drafting, 'accelerate' frequently appears in contexts involving acceleration clauses, where obligations become due sooner than originally scheduled upon certain events.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.