Advertising

Automatic stay

• The restricting of liability holders from collection efforts of collateral seizure, which is automatically imposed when a firm files for bankruptcy under Chapter 11.

 
 Embedded terms in definition
 Bankruptcy
Collateral
Firm
Liability
 
 Related Terms
 Automatic exercise

<< Automatic exercise Autoregressive >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

Flaming enthusiasm backed by horse sense and persistence, is the quality that most frequently makes for success. - Dale Carnegie

Advertising



Copyright 2009-2018 GVC. All rights reserved.