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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 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

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

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.

"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

Oh, my tender-hearted little one, can you not see that the bondage is more humiliating, more craven than is the idea of the veriest chattel mortgage?

From A Man and a Woman by Waterloo, Stanley

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