mobile goods

Definition of "mobile goods"
  1. These refer to items, typically like vehicles, which are easily movable, typically used across various jurisdictions, not associated with a title certificate, and usually the equipment owned by a borrower or items being leased by the borrower
How to use "mobile goods" in a sentence
  1. The vintage car, considered as mobile goods, was used by the debtor as a form of collateral in a loan agreement.
  2. When the business filed for bankruptcy, all of its mobile goods were identified and documented for use in satisfying its debts.
  3. As part of the leasing agreement, the company was allowed to use the mobile goods owned by the property owner.

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