electronic chattel paper

electronic chattel paper
USA
Defined in the UCC as chattel paper evidenced by a record or records consisting of information stored in an electronic medium (UCC §9-102(a)(31)). Electronic chattel paper is an asset type over which an entity can grant a security interest under Article 9 of the UCC.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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