acceleration of estate

acceleration of estate
The shortening of the time at which a future estate is to vest, as where the precedent estate fails to come into existence, or, having come into existence, terminates prematurely. 28 Am J2d Est § 304. The most familiar case of acceleration is that where a widow given a life estate renounces the will and elects to take her dower or statutory interest instead, whereby the remainderman takes immediately as if the widow had died. 28 Am J2d Est § 307.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • acceleration of remainder — See acceleration of estate …   Ballentine's law dictionary

  • acceleration — I noun dispatch, expedition, expeditious performance, hastening, hurrying, increase of speed, quickening, shortening of time, speedup, spurt, stepping up a pace associated concepts: acceleration clause, acceleration doctrine, acceleration of a… …   Law dictionary

  • acceleration — The shortening of the time for the vesting in possession of an expectant interest. Hastening of the enjoyment of an estate which was otherwise postponed to a later period. Blackwell v. Virginia Trust Co., 177 Va. 299, 14 S.E.2d 301, 304. If the… …   Black's law dictionary

  • acceleration — The shortening of the time for the vesting in possession of an expectant interest. Hastening of the enjoyment of an estate which was otherwise postponed to a later period. Blackwell v. Virginia Trust Co., 177 Va. 299, 14 S.E.2d 301, 304. If the… …   Black's law dictionary

  • Acceleration clause — An acceleration clause, in the law of contracts, is a term that fully matures the performance due from a party upon a breach of the contract. Such clauses are most prevalent in mortgages and similar contracts to purchase real estate in… …   Wikipedia

  • Acceleration Clause — A contract provision that allows a lender to require a borrower to repay all or part of an outstanding loan if certain requirements are not met. An acceleration clause outlines the reasons that the lender can demand loan repayment. Also known as… …   Investment dictionary

  • acceleration of remainders — Hastening of owner of remainder interest in property toward status of present possession or enjoyment by reason of failure preceding estate. Aberg v. First Nat l Bank in Dallas, Tex.Civ. App., 450 S.W.2d 403, 408 …   Black's law dictionary

  • acceleration of remainders — Hastening of owner of remainder interest in property toward status of present possession or enjoyment by reason of failure preceding estate. Aberg v. First Nat l Bank in Dallas, Tex.Civ. App., 450 S.W.2d 403, 408 …   Black's law dictionary

  • Creative real estate investing — is a term used to describe non traditional methods of buying and selling real estate. Typically, a buyer will secure financing from a lending institution and pay for the full amount of the purchase price with a combination of the borrowed funds… …   Wikipedia

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”