- UCC-1 Form
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Category: Business, LLCs & CorporationsCategory: Personal Finance & Retirement
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
UCC-1 Form
Look at other dictionaries:
UCC Financing Statement — A standardized form that a lender files with a state agency (usually a Secretary of State) to secure an interest in personal property that the borrower used as collateral for a loan. Also called a UCC 1 Form. Category: Business, LLCs &… … Law dictionary
UCC-1 — USA UCC 1, Also known as a UCC 1 financing statement and a financing statement. A record or records composed of an initial financing statement and any filed record relating to the initial financing statement (UCC § 102(39)). In accordance with… … Law dictionary
UCC-1 Statement — One of the standard mortgage documents listed in the Uniform Commercial Code. The UCC 1 Statement lists and describes any personal property that is provided by the borrower as collateral for the loan. This document must be filed with either the… … Investment dictionary
UCC-1 — A standard form for a financing agreement in which personal property is used as loan security under the provisions of the Uniform Commercial Code … Business law dictionary
bearer form — A security which runs to bearer according to its terms, not by reason of any indorsement. UCC § 8 102(l) … Ballentine's law dictionary
continuation — A form and process by which a secured party extends the priority of its security interest in the public record. The priority of liens created under Article 9 of the UCC is usually established by filing a financing statement. Under the provisions… … Financial and business terms
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