oversecured creditor

oversecured creditor
USA
A creditor holding an oversecured claim. In bankruptcy, an oversecured creditor is entitled to be paid before any other creditors out of the proceeds of its collateral. Oversecured creditors are entitled to accrue postpetition interest and adequate protection of the full amount of their claim, including such accrued postpetition interest.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

  • oversecured claim — USA A claim held by a creditor that is secured by property exceeding the full amount of the claim. Related links oversecured creditor Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com …   Law dictionary

  • Bankruptcy in the United States — The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact uniform Laws on the subject of Bankruptcies throughout the United States. Congress has exercised this authority several times since 1801, most recently… …   Wikipedia

  • equity cushion — USA A theory adopted by some bankruptcy courts to determine whether there is cause to lift the automatic stay with respect to a secured creditor for lack of adequate protection. An equity cushion exists if the value of the collateral exceeds the… …   Law dictionary

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