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chattel mortgage

American  

noun

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


chattel mortgage British  

noun

  1. a mortgage on movable personal property

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of chattel mortgage

An Americanism dating back to 1855–60

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

A greenhorn owns the truck which it even got a chattel mortgage on it.

From The Competitive Nephew by Montague Glass

If we don’t have a good season this summer we will be unable to pay off the chattel mortgage next winter, and will lose the boats.

From Wyn's Camping Days or, The Outing of the Go-Ahead Club by Amy Bell Marlowe

The merchant is supposed to be protected against loss by the institution of the crop lien and the chattel mortgage.

From The New South A Chronicle of Social and Industrial Evolution by Holland Thompson

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 Stanley Waterloo

Outfit: To colonists unable to purchase them, the Army furnishes the necessary implements and stock, consisting of the following: Team of horses, cow, hogs, chicken, seed, etc., secured by chattel mortgage.

From The Social Work of the Salvation Army by Edwin Gifford Lamb

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