oversecured

adjective

over·​se·​cured
ˌō-vər-si-ˈkyu̇rd
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

Dictionary Entries Near oversecured

Cite this Entry

“Oversecured.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/oversecured. Accessed 12 Oct. 2024.

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