UNIFORM COMMERCIAL CODE (UCC) Definition

Bookmark and Share

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.

Learn new Accounting Terms

CONTRIBUTED CAPITAL see PAID-IN-CAPITAL.

FLSA is Fair Labor Standards Act.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.