Description

An acceleration clause is a provision in a contract that allows a lender to demand full repayment of a loan if certain conditions are met. This clause is often included in mortgage agreements and can be triggered by events such as missed payments or the sale of the property.

Interpreter Notes

Interpreters should be aware that the term may be encountered in financial contexts, particularly in real estate transactions. Common variants include 'cláusula de aceleración' without specifying the date of maturity, which may lead to confusion. It is important to use the full term to maintain clarity in formal discussions.

Example Sentences

EN: The acceleration clause in the mortgage agreement allows the bank to demand immediate repayment if the borrower defaults.

ES: La cláusula de aceleración de la fecha de vencimiento en el contrato hipotecario permite al banco exigir el pago inmediato si el prestatario incumple.

Common Interpreter Mistakes

Confusing 'acceleration clause' with 'default clause'; misinterpreting the implications of the clause; using informal language instead of the formal term.