Definition & Meaning | English word PREPETITION
PREPETITION
Definitions of PREPETITION
- (legal) Of a claim, event, or condition existing prior to a bankruptcy petition.
Number of letters
11
Is palindrome
No
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Examples of Using PREPETITION in a Sentence
- In the context of bankruptcy, cross-collateralization also means the collateralization of general unsecured prepetition debt by collateral securing postpetition loans.
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