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Showing results for chattel mortgage. Search instead for Chattel+Mortgage+Law.

chattel mortgage

American  

noun

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


chattel mortgage British  

noun

  1. 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

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

He was to pay the rent, receiving a sub-lease from Bohlmann, who was only a lesee himself, and to give a chattel mortgage on the stock supplied him.

From The Honorable Peter Stirling and What People Thought of Him by Ford, Paul Leicester

If we don’t have a good season this summer we will be unable to pay off the chattel mortgage next winter, and will lose the boats.

From Wyn's Camping Days or, The Outing of the Go-Ahead Club by Marlowe, Amy Bell

A husband may give a chattel mortgage to his wife, and she in turn can give one to him.

From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney

It is the opinion of Dr. J. E. Pope that fully two-thirds of the aggregate loans on live-stock chattel mortgage security are to breeders rather than to feeders, and hence are not liquid.

From The Value of Money by Anderson, Benjamin M.

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