chattel mortgage

noun

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

chattel mortgage

noun

1. a mortgage on movable personal property

Word History and Origins

Origin of chattel mortgage¹

An Americanism dating back to 1855–60

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.

From Project Gutenberg

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

From Project Gutenberg

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.

From Project Gutenberg

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 Project Gutenberg