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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.

The chattel mortgage scrolls in the office of the recorder of Fraser County indicated that his printing-press no longer owed allegiance to the Honorable Morton Bassett.

From A Hoosier Chronicle by Yohn, F. C. (Frederick Coffay)

I had a chattel mortgage, too, so I got all his fixin's.

From Vacation with the Tucker Twins by Speed, Nell

A greenhorn owns the truck which it even got a chattel mortgage on it.

From The Competitive Nephew by Glass, Montague

They owed so much at the stores at the Forge; and the principal and interest on the chattel mortgage must be found before New Year or they would lose their fleet of boats.

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

Farnsworth, Gregory remembered, had regarded the chattel mortgage on Lang's boats and equipment as a most doubtful asset.

From El Diablo by Groesbeck, Dan Sayre