automatic stay

noun

Legal Definition of automatic stay 

: a stay that comes into operation upon the filing of a bankruptcy petition in accordance with bankruptcy law that prevents creditors from attempting to collect from the debtor for debts incurred before the filing

Learn More about automatic stay

Share automatic stay

Comments on automatic stay

What made you want to look up automatic stay? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

occurring twice a year or every two years

Get Word of the Day daily email!

Test Your Vocabulary

Name that Food Quiz

Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!