chattel mortgage


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

Origin of chattel mortgage

1
An Americanism dating back to 1855–60

Words Nearby chattel mortgage

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use chattel mortgage in a sentence

  • 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.

    Two Boy Gold Miners | Frank V. Webster
  • His notes, secured by the chattel mortgage on his live stock, would be due in a few days.

    Tom Grogan | F. Hopkinson Smith
  • I've bought yer chattel mortgage of Mr. Crane that's past due, an' I can do wid it as I pl'ase.

    Tom Grogan | F. Hopkinson Smith
  • Twenty-one hundred dollars they got stung for, and they ain't got no chattel mortgage nor nothing.

    Potash & Perlmutter | Montague Glass
  • The bank loan is made on the farmer's note, generally unsecured, though often secured by a chattel mortgage.

    Readings in Money and Banking | Chester Arthur Phillips

British Dictionary definitions for chattel mortgage

chattel mortgage

noun
  1. US and Canadian 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