- oversecured claim
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USAA claim held by a creditor that is secured by property exceeding the full amount of the claim.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
oversecured claim
Look at other dictionaries:
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… … 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
