Definify.com
Definition 2024
chattel_paper
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
|
|