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Uniform Commercial Code
Uniform Commercial Code A codification of commercial law, adopted in most states, that attempts to make uniform all laws relating to commercial transactions, including chattel mortgages and bulk transfers.
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Chattel Household goods, including personal property such as lamps, desks, and chairs.
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Uniform Building Code A national building code published by the International Conference of Building Officials.
Uniform Condominium Act (UCA) Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved property) executes and records a declaration of condominium.
Uniform Partnership Act (UPA) Permits real estate to be held in the partnership name. The "Uniform Limited Partnership Act" (ULPA) establishes the legality of the limited partnership entity and provides that realty may be held in the limited partnership's name.
Uniform Residential Landlord and Tenant Act (URLTA) A uniform act intended to provide some consistency in regulating the relationship of landlord and tenant in residential leases.
Uniform residential loan application A loan application form required by Freddie Mac and Fannie Mae.
Uniform settlement statement The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act.
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Unearned income Income such as interest, dividends, capital gains or rents, as opposed to earned income, such as wages, tips and salaries.
Unencumbered Property that is free of liens and other encumbrances.
Unenforceable contract A contract which is considered unenforceable either because it cannot be proven or will not be enforced by a court.
Unequivocal Unambiguous; clear; having only one possible meaning or interpretation.
Uniform Building Code A national building code published by the International Conference of Building Officials.
Uniform Commercial Code
Uniform Condominium Act (UCA) Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved property) executes and records a declaration of condominium.
Uniform Partnership Act (UPA) Permits real estate to be held in the partnership name. The "Uniform Limited Partnership Act" (ULPA) establishes the legality of the limited partnership entity and provides that realty may be held in the limited partnership's name.
Uniform Residential Landlord and Tenant Act (URLTA) A uniform act intended to provide some consistency in regulating the relationship of landlord and tenant in residential leases.
Uniform residential loan application A loan application form required by Freddie Mac and Fannie Mae.
Uniform settlement statement The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act.
This dictionary contains 6433 terms. |
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