ALLOWED INTEREST
allowed interest: translation
- allowed interest
-
a claim of a creditor (or an equity interest) that is approved by the court for satisfaction under the plan of reorganization (Glossary of Common Bankruptcy Terms)
(or allowed claim) (Common Bankruptcy Terms)
A claim of a creditor (or an equity holder) that is approved by the court. Only allowed claims (or allowed interests) receive distributions from the bankruptcy estate (SA-Bankruptcy.com)
United Glossary of Bankruptcy Terms2012.