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A clause in a contract which calls for the acceleration of something if an event occurs or does not occur, for example, if a debtor misses two consecutive monthly payments the remaining 12 monthly payments must be paid in their entirety within 30 days. … [Read more...] about ACCELERATION CLAUSE

In Roman law. An increase or addition; that which lies next to a thing, and is supplementary and necessary to the principal thing; that which arises or is produced from the principal thing. Calvin. Lex. Jurid. One of the modes of acquiring property, being the extension of ownership over that which grows from, or is united to, an article which one already possesses. Mather v. … [Read more...] about ACCESSIO

An insurance policy which pays the policy beneficiary when an accident or serious injury results in the death of the insured. … [Read more...] about ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE

To receive with approval or satisfaction; to receive with intent to retain. Also, in the capacity of drawee of a bill, to recognize the draft, and engage to pay it when due. … [Read more...] about ACCEPT

The right to all which one's own property produces, whether that property be movable or immovable; and the right to that which is united to it by accession, either naturally or artificially. 2 Kent, 360; 2 Bl. Comm. 404. A principle derived from the civil law, by which the owner of property becomes entitled to all which it produces, and to all that is added or united to it, … [Read more...] about ACCESSION