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chattel mortgage

noun

  1. a mortgage on household, movable, or other personal property.


chattel mortgage

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
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Word History and Origins

Origin of chattel mortgage1

An Americanism dating back to 1855–60
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Example Sentences

The lenders were told if anything went wrong, they could always claim the motorhome, with their right to it listed in a legal document called a chattel mortgage, which was filed at Companies House.

From BBC

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.

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

The clerks of the justices of the peace, intrusted with the delicate and novel functions of registrars of chattel mortgages, are, as a rule, little fitted to perform them.

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.

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