noun
Meaning 1
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.
Definition source: English Wiktionary via Wiktextract
Usage: US
Topics: business, finance, law
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided