Uniform Commercial Code (“UCC”)
UCC is an abbreviation for the “Uniform Commercial Code,” which governs the transfer of security interests in personal property pursuant to state law.
bond-basics
Financing Statement
Another name for a UCC form, filed in the state and/or county where the security for the repayment of the Bonds is located or the transaction is taking place, which may be required to perfect a Security Interest in certain property and revenues.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Weighted Average Maturity
Generally, the weighted average maturity of a bond issue is the sum of the product of the issue price of each maturity of the bond issue multiplied by the number of years from the closing until that maturity date divided by the issue price of the entire bond issue.