Uniform Commercial Code

Uniform Commercial Code
n.
A compilation of laws governing commercial transactions, including the sale of goods, commercial paper, banking, and secured transactions.
abbrv.
UCC

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


Uniform Commercial Code
a code of rules, proposed in the 1950s, adopted by almost all the states in the USA, albeit with variations. It applies to almost all sales of goods.

Collins dictionary of law. . 2001.


Uniform Commercial Code
A set of laws that govern commercial transactions (such as sales, warranties, negotiable instruments, loans secured by personal property, and other commercial matters) that has been adopted in some form in every state.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

Uniform Commercial Code
Uniform Commercial Code (UCC)
USA
Legislation adopted by all states that codifies certain laws dealing with commercial transactions. In connection with loan transactions, counsel is primarily concerned with Article 8 (Investment Securities) and Article 9 (Secured Transactions). Article 9 of the Uniform Commercial Code governs transactions that involve the transfer of an interest in personal property or fixtures of a debtor as security for an obligation.
For further information, see Practice Note, UCC: Creation, Perfection and Priority of Security Interests. (www.practicallaw.com/6-381-0551)
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


Uniform Commercial Code
n. A law governing the sale of goods, commodities, and bank transactions. With some modifications, this law has been adopted by all 50 states and in the District of Columbia and the U.S. Virgin Islands.

Webster's New World Law Dictionary. . 2000.


Uniform Commercial Code
A general and inclusive group of laws adopted, at least partially, by all the states to further uniformity and fair dealing in business and commercial transactions.

Dictionary from West's Encyclopedia of American Law. 2005.


Uniform Commercial Code
I
A general and inclusive group of laws adopted, at least partially, by all the states to further uniformity and fair dealing in business and commercial transactions.
 II (U.C.C.) A uniform law governing commercial transactions. The U.C.C. has been adopted by all states except Louisiana.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Uniform Commercial Code
n.
   a set of statutes governing the conduct of business, sales, warranties, negotiable instruments, loans secured by personal property and other commercial matters, which has been adopted with minor variations by all states except Louisiana.
   See also: UCC-1

Law dictionary. . 2013.

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