After-acquired property

Definition
1  : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usu. considered part of the bankruptcy estate
2  : property acquired after the perfection of a lien or security interest
esp
: such property acquired after the creation of a lien or security interest that is subject to the lien or becomes collateral for the security interest
3  : property transferred to the estate of a decedent after execution of the will



Search Legal Dictionary


Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com		 Merriam-Webster