- chattel paper
- A writing or writings which evidence both a monetary obligation and a security interest in or a lease of specific goods. UCC § 9-105(1)(b).
Ballentine's law dictionary. Anderson, W.S.. 1998.
chattel paper
Look at other dictionaries:
chattel paper — see paper Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chattel paper n. A … Law dictionary
chattel paper — A category of personal property defined by Article 9 of the UCC. Chattel paper is a document that includes both a monetary obligation and a security interest in goods or a lease. For example, installment sales contracts that include a retail… … Financial and business terms
chattel paper — A writing or writings which evidence both a monetary obligation and a security interest in or a lease of specific goods. In many instances chattel paper will consist of a negotiable instrument coupled with a security agreement. When a transaction … Black's law dictionary
chattel paper — A writing or writings which evidence both a monetary obligation and a security interest in or a lease of specific goods. In many instances chattel paper will consist of a negotiable instrument coupled with a security agreement. When a transaction … Black's law dictionary
chattel paper — noun A document that demonstrates both a monetary obligation and a security interest either in certain goods, or in a lease on certain goods … Wiktionary
electronic chattel paper — USA Defined in the UCC as chattel paper evidenced by a record or records consisting of information stored in an electronic medium (UCC §9 102(a)(31)). Electronic chattel paper is an asset type over which an entity can grant a security interest… … Law dictionary
chattel — chat·tel / chat əl/ n [Old French chatel goods, property, from Medieval Latin capitale, from neuter of capitalis chief, principal see capital]: an item of tangible or intangible personal property; esp: chattel personal in this entry ◇ In some… … Law dictionary
paper — pa·per n 1: a piece of paper containing a written statement: as a: a formal written composition or document often intended for publication the Federalist paper s b: a document containing a statement of legal status, identity, authority, or… … Law dictionary
paper — A written or printed document or instrument. A document filed or introduced in evidence in a suit at law, as, in the phrase papers in the case and in papers on appeal. Any writing or printed document, including letters, memoranda, legal or… … Black's law dictionary
electronic chattel paper — A document that includes both monetary obligation and a security agreement consisting of information stored in an electronic medium. A category of personal property collateral defined by the 2001 revisions to Article 9 of the UCC. American Banker … Financial and business terms
