Perfection Certificate

Summary

A certificate that is delivered from the Borrower to the Lender, describing the assets of the Borrower. It provides information about the Borrower and the other Loan Parties and is signed by an officer of the Borrower who certifies as to the truthfulness of the information provided. Lenders will require this certificate so that they can make an informed decision about exactly in which collateral they will Perfect their Security Interest.