Undersecured claim
Term · Law · MLC-T-LAW-000225
A right to payment based on a debt secured by property that is worth less than the amount of the debt.
| Identifier | MLC-T-LAW-000225 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
Record as JSON
{
"id": "MLC-T-LAW-000225",
"term": "Undersecured claim",
"field": "Law",
"definition": "A right to payment based on a debt secured by property that is worth less than the amount of the debt.",
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/undersecured-claim/"
}
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