Law Dictionary

oversecured

adjective over·se·cured \ ˌō-vər-si-ˈkyu̇rd \

legal Definition of oversecured

1 : having a claim for money against a debtor that is secured by property of the debtor which is worth more than the amount owed
2 : demanding an amount that is less than the property securing it is worth
  • an oversecured claim

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