Uniform Commercial Code - Law Dictionary Search Results
endorse
another by inscribing one's signature [assume that payee s a note to creditor as security for a debt "Uniform Commercial Code"] 4 : to inscribe (as an official document) with a notation (as of date or title) endorse in
endorsement
negotiation of the instrument NOTE: A restrictive endorsement does not prevent further negotiation of the instrument under the Uniform Commercial Code. spe·cial endorsement : an endorsement of a negotiable instrument with words (as “Pay to Jane Doe”) that make
entrust
merchant who may transfer ownership to a buyer in the ordinary course of business used esp. in the Uniform Commercial Code; see also negligent entrustment compare bail, consign en·trust·ment n
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equipment
equipment : the implements used in an operation or activity ;specif in the Uniform Commercial Code : goods that are bought for or used in a business enterprise or by a debtor which is
fail
requirements [even though one or more terms are left open a contract for sale does not for indefiniteness "Uniform Commercial Code"] 2 : to become bankrupt or insolvent vt : to leave undone or neglect to do [ to
foreclosure
redemption, statutory foreclosure, strict foreclosure 2 : the extinguishment (as under the provisions of Article 9 of the Uniform Commercial Code) of the rights of a debtor in personal property subject to a security interest by judicial proceedings and
free
encumbrance on title) [a buyer in ordinary course of business…takes of a security interest created by his seller "Uniform Commercial Code"] 4 : not bound, confined, or detained by force [ on bail] 5 a : having no trade
free
encumbrance on title) [a buyer in ordinary course of business…takes of a security interest created by his seller "Uniform Commercial Code"] 4 : not bound, confined, or detained by force [ on bail] 5 a : having no trade
general intangible
not an account, chattel paper, document, instrument, goods, or money esp. as identified by section 9-106 of the Uniform Commercial Code
grace period
interests) must be perfected in order to have priority over conflicting security interests under Article 9 of the Uniform Commercial Code called also days of grace
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