after-acquired property

Definition

Property that is acquired by a debtor after he or she has entered into an agreement where other property is put up as security for a loan. In bankruptcy law, the property that is acquired by the bankrupt party after he or she has filed to be declared bankrupt. This property will typically be free of all claims by the bankrupt individual's creditors.

Related Videos




http://www.businessdictionary.com/definition/after-acquired-property.html

Today's Top Bulls

73% Bullish
(95 Votes)
70% Bullish
(70 Votes)
69% Bullish
(49 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z