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Acceleration in United Kingdom

Definition of Acceleration

In accordance with the work A Dictionary of Law, this is a description of Acceleration :

The coming into possession of a *future interest in any property at an earlier stage than that directed by the transaction or settlement that created the interest. For example, a landlord’s interest in *reversion is accelerated if the tenant surrenders the lease before it has expired. When a will bequeaths an interest for life that lapses (e.g. because the legatee dies before the testator), the interest of the person entitled in *remainder is accelerated and takes effect immediately the testator dies.

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(2015, 01). Acceleration lawi.org.uk Retrieved 07, 2021, from https://lawi.org.uk/acceleration/

01 2015. 07 2021 <https://lawi.org.uk/acceleration/>

"Acceleration" lawi.org.uk. lawi.org.uk, 01 2015. Web. 07 2021. <https://lawi.org.uk/acceleration/>

"Acceleration" lawi.org.uk. 01, 2015. Accesed 07 2021. https://lawi.org.uk/acceleration/

Agostino Von Hassell, 'Acceleration' (lawi.org.uk 2015) <https://lawi.org.uk/acceleration/> accesed 2021 July 28

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Schema Summary

  • Article Name: Acceleration
  • Author: Agostino Von Hassell
  • Description: Definition of Acceleration In accordance with the work A Dictionary of Law, this is a description of Acceleration : The [...]

This entry was last updated: January 7, 2015

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