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UCC filing

Question
What is a UCC filing? 
Answer
UCC stands for Uniform Commercial Code, and is a legal provision that allows a lender to record a company's financial obligation to them.

It's the equivalent of a real estate mortgage, but is typically used to collateralize assets that are not planted in the ground, like vehicles, inventory, A/R, furniture and fixtures, and computers. 
 
Related Categories: Banking, Credit, Legal
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