oversecured
- Pertains to a financial claim where the debtor's property, used as collateral, exceeds the amount of debt owed
- Refers to a situation where the value of the property used as collateral surpasses the amount demanded
- The creditor became oversecured when the value of the real estate used as collateral skyrocketed.
- With rising prices in the property market, her debt was suddenly oversecured.
- In bankruptcy scenarios, being oversecured is beneficial to the lender.
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