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Financing statement

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FINANCING STATEMENT - A formal notice of a lien being held on personal property, required under the Uniform Commercial Code in most cases. Also called a 'UCC-1' from its form number.

 


Financing Statement:
Form prescribed under the Personal Property Security Act setting out essential information such as the name of the debtor and the collateral; ...

Financing statement
Definition - Noun
: a statement that contains information about a security interest in collateral used to secure a debt and that is filed to provide notice to other creditors of the security interest ...

financial statement : a statement of one's status with regard to money or wealth compare financing statement
fiscal year : an accounting period of 12 months
fixed costs Business costs that do not vary with sales volume ...

See also: State, Statement, Information, Trust, Lawyer

Law Financial statementFinder

 
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