Categories of Collateral

Question 1

4 Categories of collateral

Answer 1

goods, tangible intangibles, intangible intangibles, and investment property

Question 2

Goods

Answer 2

Includes consumer goods, inventory, farm products, and equipment

Question 3

Tangible intangibles

Answer 3

contractual obligations regarding goods or payment, reduced to written form. Includes instruments, documents, and chattel paper (title plus monetary obligation)

Question 4

Intangible intangibles

Answer 4

While evidenced by writings, writings have no significance of their own. Includes accounts, tort claims, general intangibles (e.g. intellectual property)