assurance of payment

(1) (A) For purposes of this subsection, the term “assurance of payment” means— (i) a cash deposit; (ii) a letter of credit; (iii) a certificate of deposit; (iv) a surety bond; (v) a prepayment of utility consumption; or (vi) another form of security that is mutually agreed on between the utility and the debtor or the trustee. (B) For purposes of this subsection an administrative expense priority shall not constitute an assurance of payment.

Source

11 USC § 366(c)(1)


Scoping language

For purposes of this subsection
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