adequate protection

Definition of "adequate protection"
  1. It's a measure determined by a court, designed to secure the interest of a creditor in a property that's included in the bankruptcy estate
How to use "adequate protection" in a sentence
  1. During the bankruptcy proceedings, the court ordered adequate protection to safeguard the creditor's stake in the debtor's property.
  2. The judge decided that adequate protection was necessary to ensure the secured creditor wasn't left unpaid from the bankrupt estate.
  3. The concept of adequate protection was introduced to reduce the potential loss to creditors when dealing with bankruptcy assets.

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