Description

An acceleration clause is a provision in a contract that allows a lender to demand immediate repayment of a loan if certain conditions are met, such as default by the borrower. This clause is often included in mortgage agreements and other financial contracts to protect the lender's interests.

Interpreter Notes

Interpreters should be aware that the term may be used in financial contexts rather than strictly medical ones. It's important to maintain a formal tone and avoid colloquial alternatives like 'cláusula de aceleración' which may be less precise. Stick to the glossary term in all formal interpretations.

Example Sentences

EN: The acceleration clause in the mortgage agreement allowed the bank to call the loan due immediately after the borrower missed a payment.

ES: La cláusula de aceleración de la fecha de vencimiento en el contrato hipotecario permitió al banco exigir el pago inmediato del préstamo tras el incumplimiento del prestatario.

Common Interpreter Mistakes

Confusing 'acceleration clause' with similar terms like 'default clause'; misinterpreting the legal implications of the clause; using informal language that may not convey the seriousness of the term.