In a simple example of a setting in which a chattel paper might be used, an equipment rental company could rent equipment to a business, and retain a. Chattel paper means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific goods. Many translated example sentences containing chattel paper – spanish-english dictionary and search engine for spanish translations. Chattel paper is one of the categories of personal property identified in the personal property securities act 2009 (cth) (ppsa) the concept derives from art 9 of.
This chapter of secured transactions under the ucc provides an overview of the impact of revised article 9 on tangible chattel paperthe chapter first discusses the. Translation for 'chattel paper' in the free english-spanish dictionary and many other spanish translations. Definition of chattel paper: document that evidences a chattel mortgage, and establishes the mortgagor's monetary obligation and the mortgagee's security interest.
This chapter from asset based financing: a transactional guide addresses chattel paper financing chattel paper financing is prevalent throughout the commercial and. A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing - florida statutes yacosta. Traducción de 'chattel paper' en el diccionario gratuito de inglés-español y muchas otras traducciones en español. Chattel paper translation french, english - french dictionary, meaning, see also 'chatter',chalet',chat',chatty', example of use, definition, conjugation, reverso. A chattel paper is a document containing information about a financial obligation pertaining to a security interest held by a creditor.
Chattel - translation to spanish, pronunciation, and forum discussions. Lease chattel paper of the leasing industry, 1i has provoked debate over whether the distinc-tion should be eliminated and unitary treatment accorded all leases'2. To the extent, if any, that this agreement constitutes chattel paper, no security interest in new lessor's rights, title and interest in and to this agreement may be. Chattel paper means a record that evidences both a monetary obligation and a security interest in specific goods, a security interest in specific goods and software.
Chattel definition: chattel paper a writing or writings that evidence a monetary obligation as well as a security interest in or a lease of specific goods. Chattel paper financing under the ppsa 17 nov 2011 print this article an equipment financier supplies goods to its customers under lease and hire purchase. Define chattel chattel synonyms, chattel pronunciation, chattel translation, english dictionary definition of chattel n 1 law an article of movable personal property. Chattel paper means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific. Since its inception, article 9 has authorized both non-possessory assignment of chattel paper perfected by the filing of a financing statement and a possessory.
I'm taking a business law course this semester, and i'm unclear about what a chattel paper is i've looked it up in my book and i've looked. It has long been common practice for financiers to perfect security in an aircraft lease by taking possession of a single, original chattel paper. Chattel may refer to: an alternative name for tangible personal property a chattel house, a type of west indian dwelling a chattel mortgage, a security interest. Término o frase en inglés: chattel paper: to the extent, if any, that this agreement constitutes chattel paper, no security interest in new lessor's rights, title.
A chattel paper is a document with information about a monetary obligation along with the specifics of a security interest that. Published: 11/17/2009 by jonathan fleisher, jen hansen this newsletter has been published in the national banking law review (nblr), june 2010, volume 29, no 3. Articulate - the leader in rapid e-learning and communications. Muchos ejemplos de oraciones traducidas contienen “chattel paper” – diccionario español-inglés y buscador de traducciones en español. (kudoz) inglés al español translation of chattel paper: papel representativo de un gravamen/prenda/derecho de retención/ sobre una cosa mueble [aircraft lease.