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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.

See Examples For:

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

"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

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.

From Two Boy Gold Miners or, Lost in the Mountains by Webster, Frank V.

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

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