Jim Files a Financing Statement Giving Notice to the Public

question 47

Multiple Choice

Jim files a financing statement giving notice to the public that he has a secured interest in collateral belonging to Phil,who is the debtor named in the statement.The financing statement is referred to as the

• A)UCC-1 form.
• B)UCC Collateral form.
• C)UCC-2 form.
• D)security interest.

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Definitions:

Semi-Annually

Semi-annually refers to an event or action occurring twice a year, often used in the context of interest payments or reporting periods.

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, factoring in its current price, interest payments, and maturity value.

Zero-Coupon Bond

A bond that does not pay periodic interest payments but is issued at a discount to its face value and redeemed for its full face value at maturity.

Purchase Price

The amount of money paid to acquire a good, service, or financial asset.