financing statement

noun

  • Business (Corporate) Law/Company Law
  • Banking and Finance

Definitions of financing statement

  • a standardized form filed to notify the public and other creditors of the existence of a security interest, the names of the debtor and creditor, and the type of collateral supporting a loan

    The bank examined the financing statements to check that no security interests existed in the debtor's car.

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Phrase Bank for financing statement