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chattel mortgage
noun
- a mortgage on household, movable, or other personal property.
chattel mortgage
noun
- a mortgage on movable personal property
Word History and Origins
Origin of chattel mortgage1
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.
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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