chattel paper

English

Noun

chattel paper (plural chattel papers)

1. (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)