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Purchase-Money Security Interest
A security interest or claim on property that secures repayment of the money used to purchase the property, commonly seen in secured transactions.
Financing Statement
A document filed to give public notice of a security interest in personal property, securing payment or performance of an obligation.
Chattel Paper
A document or electronic record indicating both a monetary obligation and a security interest in or a lease of specific goods.
Monetary Obligation
A required payment of money owed by one party to another, typically defined by the terms of a contract or agreement.
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