Chattel Mortgage An old term for an arrangement under which an item of personal property (chattel) serves as security (collateral) for a loan taken out to buy the item.
Chattel Mortgage
Chattel refers to all the personal asset which is not a freehold. It can range from book, pencil, pen, shirt etc.
Chattel Mortgage:
An interest that is given by one person in, say, a piece of property such as a piano to another person to secure a debt.
Chattel mortgage
When an interest is given on moveable property other than real property (in which case it is usually a "mortgage"), in writing, to guarantee the payment of a debt or the execution of some action.
chattel mortgage
n. an outmoded written document which made a chattel (tangible personal asset) security for a loan of a certain amount.
the mortgagor (debtor) sold realty (real property mortgage) or personal property (chattel mortgage), but if the debtor paid the debt by a certain time the sale was voided.
Duhaime, Lloyd, Legal Definition of Chattel Mortgage
Duhaime, Lloyd, Legal Definition of Security
Duhaime, Lloyd, Legal Definition of Welsh Mortgage
Louisiana Laws at legis.state.la.us/lss/toc.htm
Manitoba Mortgage Act
Security Morgate & Trust Co.
gɪdÊ' \ "Mortgage" or "Lien" includes deed of trust, vendor 's lien, chattel mortgage, mechanic 's, materialman 's or laborer 's lien, judgment, attachment or garnishment lien, pledge by hypothecation, and Federal or State tax liens. (CHAPTER I, Sec.
Definition - Noun
: an item of movable property
also
: a right or interest (as a chattel mortgage) in an item of movable property <bonds and annuities are incorporeal ~s> often used in pl.
compare immovable ...
Commercial Code (legal term)
Seán Clarkin
Purchase (legal term)
Chattel Mortgage (business term) ...
Chattel mortgages may be given to collateralize an obligation by giving a conditional title in personal property.
 See also: Mortgage, Chattel, Person, Law, State
  
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