Financing Statement
/ˈfaɪnænsɪŋ ˈsteɪtmənt/
Definitions
- (n.) A legal document filed to give public notice of a secured party's interest in collateral under the Uniform Commercial Code.
The lender filed a financing statement to perfect its security interest.
Forms
- financing statements
Related terms
See also
Commentary
Typically drafted with precision to clearly identify parties and collateral to ensure enforceability and priority of security interests.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.