CHATTEL MORTGAGE CONTRACT Definition

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CHATTEL MORTGAGE CONTRACT is a credit contract used for the purchase of equipment where the purchaser receives title of the equipment upon delivery but the creditor holds a mortgage claim against it.

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AUTHORIZATION OF STOCK is the provision in a corporate charter giving permission to issue stock.

TRADING CONCERN is an entity that derives its products for sale, thereby revenue, through purchasing products for sale from other producers / manufacturers for resale to their customer base.

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