Legal English Dictionary
after-acquired property
adjectiveproperty that a debtor acquires after signing a security agreement that secures the debt with all his or her property, and which becomes collateral for the debt; property that a debtor acquires after a petition for bankruptcy is filed; property that a testator (=a person who dies leaving a will) acquires after the execution of a willTo claim after-acquired property, the official receiver should serve written notice on the bankrupt.
