Here is the relevant argument
  • acceleration = net force/mass = (applied force - resistive force)/mass

  • The resistive force increases with velocity (more often than not, Fresistive vČ)

  • As the speed increases, Fapplied  and Fresistive become more and more nearly equal, so the acceleration diminishes (although the speed goes on increasing)

  • Eventually Fapplied  and Fresistive  become equal, and the acceleration becomes zero. So the velocity is constant, and is often known as the terminal velocity.

This situation can apply to falling stones, falling parachutes, gliders, planes, rowing boats, cars, etc. The source of Fapplied might be gravity or an engine, etc, and the source of Fresistive might be air resistance, internal friction, etc.