chattel mortgage
a mortgage on household, movable, or other personal property.
Origin of chattel mortgage
1Words 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. WebsterHis notes, secured by the chattel mortgage on his live stock, would be due in a few days.
Tom Grogan | F. Hopkinson SmithI'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 SmithTwenty-one hundred dollars they got stung for, and they ain't got no chattel mortgage nor nothing.
Potash & Perlmutter | Montague GlassThe 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
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
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