chattel mortgage
Americannoun
noun
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.
Joe had lent Sam a hundred dollars, discounted ten per cent, for ninety days, and secured by a chattel mortgage on Sam's horse and wagon.
From Romance of California Life by John Habberton
When a loan application has been acted upon favorably, a promissory note and chattel mortgage are taken.
From Readings in Money and Banking Selected and Adapted by Chester Arthur Phillips
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
Varr owned his store, Varr held a chattel mortgage on his fixtures—and there were the little Wimpies to be thought of!
From The Monk of Hambleton by Armstrong Livingston
The bank loan is made on the farmer's note, generally unsecured, though often secured by a chattel mortgage.
From Readings in Money and Banking Selected and Adapted by Chester Arthur Phillips
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Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
