Examlex
The greater the degree of optimization in carrying out a distribution objective:
Filing
The process of submitting documents to a designated body or authority (such as a court or public office) for official recording and recognition.
Continuation Statements
Documents filed to continue the effectiveness of a UCC financing statement beyond its original expiration date.
Financing Statement
A document filed to give public notice of a secured party's interest in the debtor's personal property, usually in connection with securing a loan.
Five-Year Period
A fixed duration of time equaling five years, often used in contracts, legal agreements, or statutes of limitations.
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