ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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UNIFORM COMMERCIAL CODE (UCC) Definition
UNIFORM COMMERCIAL CODE (UCC) is a collection of modernized, codified, and standardized laws that apply to all commercial transactions with the exception of real property. Developed under the direction of the National Conference of Commissioners on Uniform State Laws, the American Law Institute, and the American Bar Association (ABA), it first became U.S. law in 1972. Since that time, it has undergone a process of constant revision.
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PAYOUT RATIO is dividends paid divided by company earnings over some period of time, expressed as a percentage.
FISCALIST is an economist who prefers that the government affect the economy by raising and lowering taxation and/or government spending.
