chattel mortgage

noun

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

chattel mortgage

noun

1. a mortgage on movable personal property

Word History and Origins

Origin of chattel mortgage¹

An Americanism dating back to 1855–60

Example Sentences

Most of their possessions had been sold, as a chattel mortgage had been given as a last resort to raise the cash for the interest.

From Project Gutenberg

His notes, secured by the chattel mortgage on his live stock, would be due in a few days.

From Project Gutenberg

I've bought yer chattel mortgage of Mr. Crane that's past due, an' I can do wid it as I pl'ase.

From Project Gutenberg

Twenty-one hundred dollars they got stung for, and they ain't got no chattel mortgage nor nothing.

From Project Gutenberg

The bank loan is made on the farmer's note, generally unsecured, though often secured by a chattel mortgage.

From Project Gutenberg