Chattel Paper

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August 25, 2024 3 min read Definitions

Chattel Paper: Key Document in Secured Transactions

Finance Banking Chattel Paper Secured Transactions Security Interest Lease Debt Obligation

Chattel Paper is a valuable document demonstrating both a debt obligation and a security interest in or a lease of specific goods. It plays a crucial role in secured transactions, ensuring creditor rights while facilitating the financing of goods.

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