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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  • 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

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