2. the process by which – under the terms of a mortgage (or similar obligation) – an entire debt is to be regarded as due upon the borrower’s failure to pay a single installment (or to fulfill some other duty)
- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
ACCELERATION
2. the process by which – under the terms of a mortgage (or similar obligation) – an entire debt is to be regarded as due upon the borrower’s failure to pay a single installment (or to fulfill some other duty)
Feel free to use it throughout your financial/insurance life.
Sincerely,
www.FroogleMe.com
