Do you speak legalese? No, it's not a foreign language (though it may seem foreign at times). Rather, legalese describes the specialized language of the legal profession -- i.e., words only lawyers would use.
Welcome to Legalese From A to Z, a new FindLaw series highlighting the meanings behind some legal terms that may not be familiar to non-lawyers. To kick off the series, we're starting -- where else? -- with five words that begin with the letter "A":
- Acceleration clause. An acceleration clause is a clause in a loan agreement accelerating the date by which payment in full is due under certain circumstances. For example, an acceleration clause in a mortgage agreement can be triggered -- meaning payment of the remaining balance of the loan will be due -- if the home is sold, title to the property is changed, the loan is refinanced, or if the borrower defaults on the loan.