- adequate protection
the right of a party with an interest in the debtor's property (such as a secured creditor) to assurance that its interest will not be diminished during the bankruptcy proceedings. (Glossary of Common Bankruptcy Terms)Relief fashioned to protect the value of a secured creditor's lien so it does not diminish during the bankruptcy proceeding. This relief can take the form of periodic payments, interest payments, a replacement lien on other property, or any other form determined by the court to be "adequate."also see relief from stay (Bernstein's Dictionary of Bankruptcy Terminology)A right which protects an entity's (usually a secured creditor) interest in the debtor's property from diminishment in value. In other words, such interest must have the same value at the end of the bankruptcy process as it had when the bankruptcy petition was filed (SA-Bankruptcy.com)Payment to a secured creditor to protect the value of the creditor's lien during the bankruptcy proceeding from loss due to depreciation or non payment of a senior lien. (Bankruptcy in Brief)
United Glossary of Bankruptcy Terms 2012.
- adequate protection
Relief fashioned to protect the value of a secured creditor's lien so it does not diminish during the bankruptcy proceeding. This relief can take the form of periodic payments, interest payments, a replacement lien on other property, or any other form determined by the court to be "adequate."
also see Relief from Stay
US Bankruptcy 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
adequate protection — n: such action as is judicially determined to protect a secured creditor s interest in property that is part of a bankrupt estate ◇ The U.S. Bankruptcy Code offers a list of examples of actions that are predetermined to provide adequate… … Law dictionary
adequate protection — Phrase used in several sections of the Bankruptcy Code to describe protection afforded to holders of secured claims. It is meant to preserve secured creditor s position at the time of bankruptcy. In re Jamaica House, Inc., Bkrtcy.Vt., 31 B.R. 192 … Black's law dictionary
adequate — ad|e|quate W3S3 [ˈædıkwıt] adj [Date: 1500 1600; : Latin; Origin: , past participle of adaequare to make equal , from ad to + aequare to equal ] 1.) enough in quantity or of a good enough quality for a particular purpose = ↑sufficient ≠… … Dictionary of contemporary English
adequate — Sufficient; commensurate; equally efficient; equal to what is required; suitable to the case or occasion; satisfactory. Equal to some given occasion or work. Nissen v. Miller, 44 N.M. 487, 105 P.2d 324, 326 See also adequate care adequate cause… … Black's law dictionary
adequate — adj. VERBS ▪ be, prove, seem ▪ remain ▪ consider sth, think sth ▪ These measures are not considered adequate by conservationists … Collocations dictionary
protection — noun ADJECTIVE ▪ adequate, effective, good, great ▪ added, additional, extra ▪ special ▪ … Collocations dictionary
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