From Longman Business Dictionarydebtor-in-possession financingˌdebtor-in-posˈsession ˌfinancingBANKING when a debtor company is allowed to keep possession of its assets while it is given financial help to organize a way to pay its debtNormal operations will continue, thanks largely to $50 million in debtor-in-possession financing secured from the bank. → financing
