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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.

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

From The Competitive Nephew by Glass, Montague

He could get 'em on the installment plan and give back a chattel mortgage, Abe.

From Potash & Perlmutter Their Copartnership Ventures and Adventures by Glass, Montague

He was to pay the rent, receiving a sub-lease from Bohlmann, who was only a lesee himself, and to give a chattel mortgage on the stock supplied him.

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

"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

I didn’t know for a long time where Mr. Maxwell 298 got the money for me but after a while I discovered that he’d given a chattel mortgage on his books and personal belongings.

From Hepsey Burke by Westcott, Frank N. (Frank Noyes)