debtor in possession en · NOUN
Meanings
- (US) A natural person or corporation that has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. Such a business may continue to operate its business under Chapter 11 bankruptcy protection.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| debtors in possession | Number=Plur | lexicographic |