In commercial law, property acquired by a debtor after the execution of a security agreement wherein property acquired by the debtor before the execution of the agreement has been pledged as collateral for a loan. In bankruptcy law, property acquired by a bankrupt after a petition for bankruptcy is filed.
In commercial law, property acquired by a debtor after the execution of a security agreement wherein property acquired by the debtor before the execution of the agreement has been pledged as collateral for a loan. In bankruptcy law, property acquired by a bankrupt after a petition for bankruptcy is filed.