Stocks and bonds are examples of paper collateral. Another common form of paper collateral is chattel paper. Chattel paper is a writing that indicates that the holder is owed money and has a security interest in valuable goods associated with the debt.
Today, spark arresters can be found as OEM or aftermarket components on many types of equipment, such as large agricultural machines, off highway vehicles (OHVs), and small engines (chainsaws, string trimmers, leaf blowers, etc.).
The Purpose Of A Spark Arrestor And Why You Should Have One. Some people know what a spark arrestor is. However, since todayâs spark arrestors are normally combined with a chimney cap, that also has a screen to keep critters and debris out of the flue, the term seems to get lost in translation. Thatâs too bad because a spark arrestor can potentially save your house from a fire and you should know exactly what it does.