An acceleration clause permits the maker to pay the amount due prior to the due date of the instrument.

Name: An acceleration clause permits the maker to pay the amount due prior to the due date of the instrument.
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An acceleration clause is a provision in a contract that allows a party to demand payment of the entire outstanding balance all at once if certain events occur, such as a missed payment or a default. It does not permit the maker to pay the amount due prior to the due date of the instrument.

An Acceleration Clause Permits the Maker to Pay the Amount