Debtor
The business whose assets a UCC filing attaches to — the party that granted the security interest, not necessarily a business behind on a payment.
The word is doing Uniform Commercial Code work, not everyday work. A business is the debtor because it granted an interest in its assets, and it stays the debtor whether the balance is live, cleared three years ago or never drawn — the filing records no amount and no status.
Why it matters to a broker
The debtor name is the search key, so it has to be the registered entity. Search the trading name alone and filings that exist will not come back.
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