chattel mortgage definition

  • noun:
    • a home loan utilizing movable individual property as opposed to real-estate as security.
    • a mortgage on personal property, as distinguished from one on real property.
    • View under Chattel.
    • that loan purchasing some individual product; the item (or chattel) is protection for the loan
    • A mortgage utilizing movable personal home without real estate as protection.
    • a mortgage on individual property, as distinguished from 1 on genuine home.
    • See under Chattel.
    • a loan purchase some individual item; the item (or chattel) is security the loan

Related Sources

  • Hypernym for "chattel mortgage"
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