Index of Accounting Terms - U
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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.
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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.
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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.
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Accounting and Bookkeeping
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