Uniform Commercial Code

Definition of "Uniform commercial code"

Dan Bracken
  Leonardi Bracken Real Estate

Standardized set of business laws that has been adopted by most states. The Uniform Commercial Code governs a wide range of transactions including borrowing, contracts, and many other everyday business practices. It is useful because it standardizes practices from state to state.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ