What Does Uniform Commercial Code (UCC) Mean?
The Uniform Commercial Code (UCC) is a comprehensive set of uniform acts and laws that govern and regulate the practice of commerce in the different states and territories in the United States. Uniform acts are laws in harmony with those pertaining to sales and other commercial dealings and activities.
The UCC consists of nine articles, each article pertaining to a specific field of commercial law. UCC insurance is available to cover transactions described in Article 9: Secured Transactions.