Definition of chattel paper
Webchattel: [noun] an item of tangible movable or immovable property except real estate and things (such as buildings) connected with real property. WebElectronic Chattel Paper means any “Electronic chattel paper,” as such term is defined in the UCC, now owned or hereafter acquired by the Debtor or in which the Debtor now …
Definition of chattel paper
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WebMar 31, 2024 · Chattel is movable personal property that can be borrowed against using a chattel mortgage . WebApr 6, 2024 · Definition. "Chattel" is a catch-all term for movable personal property or possessions, such as electronics, clothing, livestock, or cars. Owners may use chattel …
Web(a) [Perfection by filing permitted.] A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. (b) [Control or possession of certain collateral.] Except as otherwise provided in Section 9 … Web(3) "Account debtor" means a person obligated on an account, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, …
Webbuyers of chattel paper in whose favor section 9-301(1) (c) might operate are buyers of chattel paper as part of a sale of the business out of which they arose (hereinafter called "9-104(f) buyers"). All other buyers of chattel paper are secured parties; 7 . their priority rights are determined according to other provisions of the Code." ... WebChattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property. Chattel paper must show: A monetary obligation from Party A to Party B, and A security interest or other interest retained in the …
WebChattel paper is a distinct asset class in which a security interest may be created pursuant to the personal property security acts in Canadian common law provinces. Several provinces, including both Ontario and Saskatchewan, create a distinction between two different types of chattel paper:
WebElectronic chattel paper is defined to be “chattel paper evidenced by a record or records consisting of information stored in an electronic medium.” UCC §9-102 (a) (31). 15怎么用二进制表示Web(a) [Purchaser's priority: security interest claimed merely as proceeds.] A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if: (1) in good faith and in the ordinary course of the purchaser's business, the purchaser gives new value and takes … 15微米等于多少目WebMeaning of chattel paper. What does chattel paper mean? Information and translations of chattel paper in the most comprehensive dictionary definitions resource on the web. 15成24WebFeb 9, 2015 · The initial definition of control required, in part, the existence of a “single authoritative copy” which is “unique.” Given that an electronic record may be perfectly replicated, this definition created challenges for achieving this standard, but the chattel paper finance industry has developed methods for complying with this definition. 15患者承载器械WebDec 18, 2024 · Chattel mortgage is a legal term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan. The movable property, or chattel , guarantees ... 15快02WebChattel Paper means any “chattel paper,” as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest. Sample 1 Sample 2 Sample 3. Based on 112 documents. Chattel Paper. Has the meaning given that term in the UCC. 15快19WebChattel paper may take different forms, but the basic characteristic of chattel paper is a security interest in specific goods arising from a monetary obligation. Chattel paper is … 15成5