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.
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 Phillips, Chester Arthur
Any persons who are competent to make a contract may make a chattel mortgage, and an agent may act for another as in many other cases.
From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney
If the loan is a small one, usually $10,000, it may be sold entire, the chattel mortgage assigned and the note indorsed to the buyer.
From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur
Twenty-one hundred dollars they got stung for, and they ain't got no chattel mortgage nor nothing.
From Potash & Perlmutter Their Copartnership Ventures and Adventures by Glass, Montague
Sometimes the chattel mortgage sharks collect one hundred per cent, or more and the banks, which are established for the purpose of making small short-time loans, usually collect twenty to thirty per cent.
From In His Image by Bryan, William Jennings
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
