Acceleration / Exigibility
"What is an acceleration clause?"
Quick Answer
Exigibility (Muacceliyet) refers to the state where a debt becomes due and payable, meaning the creditor has the legal right to demand its immediate performance.
Scope and Legal Distinctions
Exigibility means that a claim is due and can be demanded. It is different from default, which may require a demand or another statutory trigger.
What to Check in Practice
Check the maturity clause, conditions precedent, performance and any acceleration notice before claiming interest or starting enforcement.
Sources & Authorities
Statutory framework and official guidance for this definition.
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