A Financing Statement,once Filed,is Effective for Six Years,but at the End

question 44

True/False

A financing statement,once filed,is effective for six years,but at the end of that period the statement will expire,leaving the secured party unprotected.

---

Definitions:

Cash Flow

The money that goes in and out of a budget within a fixed period of time.

Budget Plan

A detailed outline of expected income and expenses over a given period, helping individuals or organizations manage their finances.

kWh

Stands for kilowatt-hour and is a unit of energy representing one kilowatt of power expended for one hour, commonly used to measure electricity consumption.

Electricity Charge

The cost incurred from consuming electric power, reflected as part of a utility bill.