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What does UCC-1 financing statement mean?

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UCC-1 financing statement
(UCC-1)
Noun
UCC


A UCC standardized form that a creditor files with the respective US state to give public notice of a security interest in specified personal property of the named debtor in order to perfect the creditor's security interest in the collateral.

Synonym(s): 
  • Uniform Commercial Code-1.
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