Law Dictionary

oversecured

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

Legal Definition of oversecured

  1. 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. 2 :  demanding an amount that is less than the property securing it is worthan oversecured claim


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