Acceleration (law)
Acceleration is defined in law as a shortening of the time period in which something is to take place.[1]
Context of use in American law
In American law, it usually appears within the context of what is known as an "acceleration clause" to a contract. This is a clause that requires payment in full of a contract if certain conditions occur.[2] Another concept that involves acceleration is what is known as the "acceleration principle", which states that the fluctuations of supply and demand of goods will proportionately effect the wear and tear of the machinery used in the manufacturing process.[3]
References
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.