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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.

He bucked off a chattel mortgage, and that's the way he come into the army.

From Si Klegg, Book 1 (of 6) His Transformation From A Raw Recruit To A Veteran by McElroy, John

"I see," he said, "you are only the caretaker really, the brewer having an assignment of the lease and a chattel mortgage on your fixtures and stock."

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

In equity, on the other hand, a chattel mortgage, though not good as a conveyance, is valid as an executory agreement.

From Encyclopaedia Britannica, 11th Edition, Volume 6, Slice 1 "Châtelet" to "Chicago" by Various

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 Thompson, Holland

Chattel Mortgage.—A chattel mortgage is a conveyance of personal property, as distinguished from real property, to secure the debt of the lender or mortgagor.

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

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