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Glossary of Accounting Terms

All A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Index of Accounting Terms - U

U⤒ Top
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Underwriter Related Terms: Risk Assessor, Loan Officer, Insurance Underwriter What is an Underwriter? An individual or institution that assesses the risk of insuring a client or lending money to a borrower.
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Underwriting Related Terms: Risk Assessment, Loan Evaluation, Insurance Assessment What is Underwriting? The process by which lenders or insurers assess the creditworthiness or risk involved in providing a loan or insurance policy.
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Uniform Commercial Code (UCC) Related Terms: UCC, Commercial Law What is the Uniform Commercial Code (UCC)? A comprehensive set of laws governing commercial transactions between U.S. states.
Icon representing a security interest filing
Uniform Commercial Code-1 (UCC-1) Related Terms: UCC-1 Filing, Security Agreement What is Uniform Commercial Code-1 (UCC-1)? A financing statement filed to create a public record of a lender's security interest in a borrower's personal property.
Icon representing taxes on purchased goods used in a state
Use Tax Related Terms: Consumer Use Tax, Complementary Sales Tax What is Use Tax? A tax imposed on the use, storage, or consumption of tangible personal property within a state when sales tax was not paid at the time of purchase.

Accounting and Bookkeeping
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Coco and Cami ask, What is Accounting Software?

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Watch as Professor A introduces Coco and Cami to Accounting and Bookkeeping, explaining how these digital tools can automate their bookkeeping, generate reports, and help them manage their finances more efficiently.

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