Mergers & Acquisitions

Resources: Glossary

Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.

UCC-3

Definition

A form used to make changes (e.g., continuation, release, termination, etc.) to a previously filed UCC-1 statement.

See Also

Promissory note, security agreement, UCC.

Tips

UCC agreements often expire after a period of time. When a seller is financing the sale of their business, they should check the expiration date on the original UCC lien. A UCC-3 form can be filed to renew the original UCC lien.

Related Resources

M&A Seller Financing: A Complete Guide

M&A Seller Financing: Handling a Buyer Default