chattel mortgage

American  

noun

1. a mortgage on household, movable, or other personal property.

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chattel mortgage British  

noun

1. a mortgage on movable personal property

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Etymology

Origin of chattel mortgage

An Americanism dating back to 1855–60

Example Sentences

Sometimes the chattel mortgage sharks collect one hundred per cent, or more and the banks, which are established for the purpose of making small short-time loans, usually collect twenty to thirty per cent.

From In His Image by Bryan, William Jennings

It looked like a chattel mortgage on Mexico, and what paragraphs didn't commence with "to wit," started off with "do hereby."

From Kid Scanlan by Witwer, H. C. (Harry Charles)

He bucked off a chattel mortgage, and that's the way he come into the army.

From Si Klegg, Book 1 (of 6) His Transformation From A Raw Recruit To A Veteran by McElroy, John

Oh, my tender-hearted little one, can you not see that the bondage is more humiliating, more craven than is the idea of the veriest chattel mortgage?

From A Man and a Woman by Waterloo, Stanley

"I see," he said, "you are only the caretaker really, the brewer having an assignment of the lease and a chattel mortgage on your fixtures and stock."

From The Honorable Peter Stirling and What People Thought of Him by Ford, Paul Leicester