consumer goods transaction

consumer-goods transaction. Secured transactions. A transaction in which (1) an individual incurs an obligation primarily for person, family, or household purposes, and (2) a security interest in consumer goods secures the obligation. UCC § 9-102(a)(24). [Cases: Secured Transactions 15. C.J.S. Secured Transactions § 14.]

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词条贡献者

资深译员Sheldon，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关零售和消费品领域的法律文件。