ucc 1 definition

ucc 1 definition

Glossary: ucc 1

UCC-1 is the document filed with the Secretary of State and/or the County Clerk's office(s) to perfect a factor's lien on a clients' assets. UCC-1 is also called UCC Financing Statement.


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Business Consulting

Definition: ucc 1

Factoring provides cash to your business with no time delay from issuing invoices as well as sales ledger and collection services.

Accounts Receivables Financing (Factoring): The service is disclosed to your customer who typically receives a letter from the factor, or attached note to your invoice, containing payment instructions to the factor.

Factoring Glossary - Define: ucc 1 - 2004 HJ Ventures International, Inc.