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Definition of 'Uniform Commercial Code'
A standard set of business laws that regulate financial contracts. The Uniform Commercial Code has been adopted by most states in the U.S. The code itself has nine separate articles. Each article deals with separate aspects of banking and loans. The UCC better enabled lenders to loan money secured by the borrower's personal property.
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Investopedia explains 'Uniform Commercial Code'
The UCC was drawn up and ratified by most states in the 1950s. Louisiana is now the only state that has not fully ratified the code, although it has adopted Article 3, relating to checks, drafts and other negotiable instruments. A recent addition to the code covers corporate electronic payments.
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Search results for 'Uniform Commercial Code'
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http://www.investopedia.com/exam-guide/finra-series-6/customer-accounts/custodial-accounts.asp
... Accounts for minors are usually opened under the Uniform Gifts to Minors Act (UGMA)
or the newer version of this law, the Uniform Transfers to Minors Act (UTMA ...
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http://www.investopedia.com/articles/mortgages-real-estate/10/how-mortgage-fraud-affects-markets.asp
... of Mortgage Brokers have a code of conduct and ... need to make legislation more uniform
and reconcile ... veteran, having worked in both commercial and residential ...
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http://www.investopedia.com/articles/bonds/08/ratings-agencies.asp
... by an NRSRO can issue certain commercial paper that ... also relieved of registration
under the Uniform Securities Act. ... proposed the creation of a code of conduct ...
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