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Definition of Chattel paper
1. Noun. (legal) A document that demonstrates both a monetary obligation and a security interest either in certain goods, or in a lease on certain goods ¹
¹ Source: wiktionary.com
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1. Noun. (legal) A document that demonstrates both a monetary obligation and a security interest either in certain goods, or in a lease on certain goods ¹
¹ Source: wiktionary.com