MLchartDataset catalogue

Chattel paper

Term · Law · MLC-T-LAW-000956

A record or records that evidence both a monetary obligation and a security interest in specific goods, or a lease of specific goods. It represents a hybrid of a promissory note and a security agreement, often arising from retail installment sales. Article 9 of the Uniform Commercial Code governs the creation and perfection of security interests in chattel paper.

Table 1. Record
IdentifierMLC-T-LAW-000956
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000956",
  "term": "Chattel paper",
  "field": "Law",
  "definition": "A record or records that evidence both a monetary obligation and a security interest in specific goods, or a lease of specific goods. It represents a hybrid of a promissory note and a security agreement, often arising from retail installment sales. Article 9 of the Uniform Commercial Code governs the creation and perfection of security interests in chattel paper.",
  "url": "https://mlchart.com/terminology/law/chattel-paper/"
}

Record 777 of 5,441 in Law terminology (MLC-0107). Request the full dataset.