A writing or writings that evidence both a monetary obligation and a security interest in or a lease of specific goods. In many instances chattel paper will consist of a negotiable instrument coupled with a security agreement. When a transaction is evidenced both by such a security agreement or a lease and by an instrument or a series of instruments, the group of writings taken together constitutes chattel paper.
"Chattel Paper." West's Encyclopedia of American Law. . Encyclopedia.com. (April 19, 2019). https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/chattel-paper
"Chattel Paper." West's Encyclopedia of American Law. . Retrieved April 19, 2019 from Encyclopedia.com: https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/chattel-paper