Explore commonly used personal finance terms.
An affidavit is a written, sworn statement made under oath, often used as evidence in legal proceedings or financial transactions. Affidavits are common in situations requiring verification, such as estate claims, loan applications, or financial disclosures. This legally binding document is signed in the presence of a notary or authorized officer, ensuring its authenticity. Affidavits serve as a critical tool for establishing facts without requiring in-person testimony, streamlining legal and financial processes.
