Which term best matches the booklet’s definition of a writing that evidences both an obligation to pay money and a security interest in a lease or specific goods?

AI Explanation

That glossary phrase identifies chattel paper. In “Definitions and General Terms,” chattel paper means a writing or writings evidencing both an obligation to pay money and a security interest in a lease or specific goods. For contrast, a bill of sale passes title to personal property, while chattel paper is the evidence of an obligation and related security interest.