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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.

Any persons who are competent to make a contract may make a chattel mortgage, and an agent may act for another as in many other cases.

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

In the North and West, there are a great mass of farmers' chattel mortgage loans, including loans on horses, grain in cribs, hogs, sheep, cattle, mules, etc.

From The Value of Money by Anderson, Benjamin M.

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

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

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