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Was (wer) ist UCC-1 financing statement - definition
UCC-1 financing statement
LEGAL FORM
Financing statement
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt). This form is filed in order to "perfect" a creditor's security interest by giving public notice that there is a right to take possession of and sell certain assets for repayment of a specific debt with a certain priority.
Statement (computer science)
SMALLEST STANDALONE ELEMENT OF AN IMPERATIVE PROGRAMMING LANGUAGE THAT EXPRESSES SOME ACTION TO BE CARRIED OUT
Program statement; Statement (programming); Statement (computer programming); With statement
In computer programming, a statement is a syntactic unit of an imperative programming language that expresses some action to be carried out. A program written in such a language is formed by a sequence of one or more statements.
Debtor-in-possession financing
SPECIAL FORM OF FINANCING PROVIDED FOR COMPANIES IN FINANCIAL DISTRESS
DIP Financing; Debtor-in-Possession Financing; DIP financing; Debtor-in-possession loan
Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law (such as Chapter 11 bankruptcy in the US or CCAA in Canada). Usually, this debt is considered senior to all other debt, equity, and any other securities issued by a company — violating any absolute priority rule by placing the new financing ahead of a company's existing debts for payment.
