debtor in possession (English, noun)
expansion: debtor in possession (plural debtors in possession)
Senses:
topics: business
finance
law
glosses: 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.
tags: US
Forms:
form: debtors in possession
tags: plural