acceleration Hear it!

acceleration definition - legal

n

  1. The shortening of the time, or the immediate creation or vesting, of a legal duty, interest, or right that was to arise or vest in the future. See also acceleration clause.
  2. The hastening of a real property ownerÂ’s enjoyment, or the vesting, of his remainder interest in an estate because of the failure or premature termination of a preceding estate.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.