A Financing Statement Refers to a Document Filed by a Secured

question 45

True/False

A financing statement refers to a document filed by a secured creditor with the appropriate government office that constructively notifies the world of his or her security interest in personal property.

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Definitions:

Insurer

An entity that provides insurance coverage, assuming the risk of loss from an insured party in exchange for premiums paid.

Brokers

Intermediaries that arrange transactions between buyers and sellers for a commission.

Loss

A reduction in value, particularly referring to finances, such as money, or other assets.

Insured

A person or entity covered under an insurance policy, receiving protection against specified losses or damages.