Commercial Code

AAA

DEFINITION of 'Commercial Code'

Private and public laws that regulated how commerce is to be conducted. Commercial codes govern business and commercial transactions and deal with topics including merchant shipping, corporate contracts, and the manufacture and sale of consumer goods.

INVESTOPEDIA EXPLAINS 'Commercial Code'

All 50 states, the District of Columbia and the U.S. Territories have adopted the Uniform Commercial Code (UCC), a unified body of commercial law that addresses sales and commercial transaction within the United States. The Uniform Commercial Code covers primarily those transactions involving personal property and not actual property, such as real estate.


RELATED TERMS
  1. Uniform Commercial Code

    A standard set of business laws that regulate financial contracts. ...
  2. Funds Transfer Pricing - FTP

    A method used to individually measure how much each source of ...
  3. Investment Securities

    Securities that are purchased in order to be held for investment. ...
  4. Commercial Bank

    A financial institution that provides services, such as accepting ...
  5. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a ...
  6. Licensed For Reinsurance Only

    A license that allows a company to engage in services related ...
Related Articles
  1. Shopping Online: Convenience, Bargains ...
    Options & Futures

    Shopping Online: Convenience, Bargains ...

  2. 10 Breakout Ideas For Small Businesses ...
    Entrepreneurship

    10 Breakout Ideas For Small Businesses ...

  3. How to Register Your Trademark
    Investing

    How to Register Your Trademark

  4. Filing A Patent
    Investing

    Filing A Patent

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center