UCC Financing Statement

Definition of "UCC Financing Statement"
  1. A lender's filed document with a state agency to secure a claim on personal property used as loan collateral
How to use "UCC Financing Statement" in a sentence
  1. The lender filed a UCC Financing Statement to secure the car used as collateral.
  2. To secure their loan, the bank filed a UCC Financing Statement on the borrower's art collection.
  3. After finalizing the loan agreement, the credit union promptly filed a UCC Financing Statement.
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