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Secured / Unsecured : Business Definition

Business Definition for: Secured / Unsecured

Secured / Unsecured
In the Business Information and Comprehensive Insight Plus Reports, the Financing section will identify Secured, Unsecured or Secured/Unsecured when financing statements have been issued. A financing statement is proof of a security interest in personal property whereas a deed, properly recorded at a County Recorders Office, is proof of ownership for real property (land and buildings). In the D&B Business Information and Comprehensive Insight Plus Reports, the notation that FINANCING is secured means that a company's accounts receivables, inventory and/or other liquid assets have been pledged.

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