financing statement
financing statement
Form prescribed under the Personal Property Security Act setting out essential information such as the name of the debtor and the collateral; the secured party must file the financing statement at the Personal Property Registry to perfect a security interest by registration. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • financing statement — n: 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 see also perfect b uniform commercial code in the important… …   Law dictionary

  • financing statement — A document setting out a secured party s security interest in goods. A document designed to notify third parties, generally prospective buyers or lenders, that there may be an enforceable security interest in the property of the debtor. Villa v.… …   Black's law dictionary

  • financing statement — A document setting out a secured party s security interest in goods. A document designed to notify third parties, generally prospective buyers or lenders, that there may be an enforceable security interest in the property of the debtor. Villa v.… …   Black's law dictionary

  • Financing Statement — A written document outlining the financing agreement between the lender and the borrower. It pertains specifically to the collateral taken from the borrower. It is filed under the Uniform Commercial Code and its primary use is to lay claim on the …   Investment dictionary

  • UCC-1 financing statement — 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-3 financing statement — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement …   Law dictionary

  • UCC-3 financing statement amendment — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement …   Law dictionary

  • 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

  • financing statements — Forms, usually standard UCC 1 forms, that are required by Article 9 of the UCC to be recorded in a designated public location in order to perfect a creditor s lien in personal property collateral. The financing statement is used as a vehicle for… …   Financial and business terms

  • statement of cash flows — USA statement of cash flows, Also known as cash flow statement. In financial accounting, a financial statement that shows a company s incoming and outgoing money (sources and uses of cash) during a time period (often quarterly or annually). The… …   Law dictionary

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