chattel paper

English

Noun

chattel paper (plural chattel papers)

(law) A document that demonstrates both a monetary obligation and a security interest either in certain goods, or in a lease on certain goods

Usage notes

In the United States, the significance of this term is defined by the Uniform Commercial Code.

Translations

document showing both monetary obligation and security interest

German: Verkehrspapier n
Korean: 동산저당증권 (dongsan-jeodang-jeunggwon)

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