What does chattel mortgage mean?

Definitions for chattel mortgage
chat·tel mort·gage

Here are all the possible meanings and translations of the word chattel mortgage.

Princeton's WordNet

  1. chattel mortgage(noun)

    a loan to buy some personal item; the item (or chattel) is security for the loan

Freebase

  1. 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 personal property from the lender. The lender then secures the loan with a mortgage over the chattel. Legal ownership of the chattel is transferred to the purchaser at the time of purchase, and the mortgage is removed once the loan has been repaid. Chattel mortgages may have more particular characteristics in different jurisdictions.

How to pronounce chattel mortgage?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say chattel mortgage in sign language?

  1. chattelmortgage

Numerology

  1. Chaldean Numerology

    The numerical value of chattel mortgage in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of chattel mortgage in Pythagorean Numerology is: 2

Images & Illustrations of chattel mortgage

  1. chattel mortgage


Translations for chattel mortgage

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"chattel mortgage." Definitions.net. STANDS4 LLC, 2020. Web. 1 Apr. 2020. <https://www.definitions.net/definition/chattel+mortgage>.

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