An order granting a debtor protection against attachment of property by creditors as security for debt. Also: a private agreement among creditors to postpone action against a debtor for a certain time.
Origin
Late 15th century. From classical Latin supersedēre.
Definition of supersedere in US English:
supersedere
nounˌs(j)uːpəsɪˈdɛːri
Scottish Law
An order granting a debtor protection against attachment of property by creditors as security for debt. Also: a private agreement among creditors to postpone action against a debtor for a certain time.
Origin
Late 15th century. From classical Latin supersedēre.