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chattel mortgage

noun

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


chattel mortgage

noun

  1. a mortgage on movable personal property


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Word History and Origins

Origin of chattel mortgage1

An Americanism dating back to 1855–60

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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.

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

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

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

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

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