LENDING GLOSSARY
UCC
Uniform Commercial Code Filing
A public filing that can provide notice of a lender's security interest in business assets.
What does UCC mean?
A public filing that can provide notice of a lender's security interest in business assets. Professionals may calculate, document or apply this concept differently depending on the transaction, accounting method, lender policy and governing documents. Borrowers should confirm the precise definition used in any term sheet or agreement.
UCC in context
An equipment lender files a UCC financing statement covering the financed machinery.
Why it matters in financing
UCC can influence how a lender, investor or advisor evaluates risk, pricing, structure, repayment capacity or transaction economics. It should be considered together with the complete financial picture rather than used alone.
Related lending terms
Educational information only. This definition is general, may not match a particular lender or contract, and is not financial, accounting, tax or legal advice.