This page presents an official legal definition of “undersecured claim” from a government
source. Additional definitions will be added as jurisdictions publish them.
United States
A debt secured by property that is worth less than the amount of the debt.
The legislature occasionally skips outline levels.
For example:
(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]
In this example, (3), (4),
and (4)(a) are all outline levels, but
(4) was
omitted by its authors. It's only implied. This presents an
interesting challenge when laying out the text. We've
decided to display a blank section with this note, in order
to aide readability.