In the context of defining collateral, goods is used as a catchall phase for interests not otherwise covered unless they are specifically excluded.

Question

Quizplus · Accepted Answer

The term general intangibles applies to any personal property other than goods, accounts, chattel paper, documents, instruments, and money. This is used as a catchall phase for interests not otherwise covered unless they are specifically excluded.

In the Context of Defining Collateral, Goods Is Used as a Catchall