Document Actions
Key terms you should know
—
filed under:
no-right-menu,
noTop
Collateral – is the personal property that is subject to the security interest.
Debtor – A person or organisation that owes money or performance of an obligation.
Financing Statement - Your security interest is recorded in the form of a financing statement. A financing statement contains information about your security interest and is registered in the form of a notice on the PPSR. You are not required to upload your security agreement online or required to provide any financial information.
Personal Property - Personal property covers most things, the main exceptions are land and ships over 24 metres.
Secured Parties – this term generally refers to the creditor (the party lending).
