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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Cite this Entry

“Oversecured.” The Merriam-Webster.com Legal Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/legal/oversecured. Accessed 11 December 2019.

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