________ is a document filed by a secured party that ends a secured interest because the debt has been paid.

Question

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A termination statement is a document filed by a secured party that officially ends a secured interest because the debt has been fully repaid or satisfied. It serves as proof that the security interest is no longer valid, and it frees up the collateral that was pledged as security for the loan. The other options - financing statement, claims statement, and perfection statement - are all related to the creation and maintenance of a secured interest and do not signify its termination.

________ Is a Document Filed by a Secured Party That