Chattel mortgage — Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable… … Wikipedia
chattel mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chattel mortgage n … Law dictionary
Chattel mortgage — Mortgage Mort gage (m[^o]r g[asl]j; 48), n. [F. mort gage; mort dead (L. mortuus) + gage pledge. See {Mortal}, and {Gage}.] 1. (Law) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and … The Collaborative International Dictionary of English
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. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
chattel mortgage — noun a loan to buy some personal item; the item (or chattel) is security for the loan • Hypernyms: ↑mortgage * * * noun : a mortgage of chattel property as opposed to estate * * * a mortgage on household, movable, or other personal property.… … Useful english dictionary
chattel mortgage — A pre Uniform Commercial Code security device whereby a security interest was taken by the mortgagee in personal property of the mortgagor. A transfer of some legal or equitable right in personal property or creation of a lien thereon as security … Black's law dictionary
chattel mortgage — A pre Uniform Commercial Code security device whereby a security interest was taken by the mortgagee in personal property of the mortgagor. A transfer of some legal or equitable right in personal property or creation of a lien thereon as security … Black's law dictionary
chattel mortgage — An archaic term for a security agreement. American Banker Glossary A loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property. Bloomberg Financial Dictionary … Financial and business terms
chattel mortgage — a mortgage on household, movable, or other personal property. [1855 60, Amer.] * * * … Universalium
Chattel Mortgage — A term used when describing a mobile or manufactured home mortgage. Specifically when the home is not financed with the land. These homes are commonly found in communities or parks … Investment dictionary
