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
Useful Life
An accounting estimate of the number of years it is likely for an asset to remain in service for the purpose of cost-effective revenue generation. The Internal Revenue Service (IRS) employs Useful Life for various purposes applicable to Tax-Exempt Bonds.
