What is the definition of Debtor in possession? | Dictionary.net

DEBTOR IN POSSESSION

\dˈɛtəɹ ɪn pəzˈɛʃən], \dˈɛtəɹ ɪn pəzˈɛʃən], \d_ˈɛ_t_ə_ɹ ɪ_n p_ə_z_ˈɛ_ʃ_ə_n]\

Definitions of DEBTOR IN POSSESSION

1910 - Black's Law Dictionary (2nd edition)

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the term given to people or a company that occupies its premises and to conduct business during proceedings of bankruptcy.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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