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chattel mortgage

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
chattel mortgage
n.
A mortgage using movable personal property rather than real estate as security.
chattel mortgage
n
(Law) US and Canadian a mortgage on movable personal property
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.chattel mortgage - a loan to buy some personal item; the item (or chattel) is security for the loan
mortgage - a conditional conveyance of property as security for the repayment of a loan


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By giving a chattel mortgage on their growing wheat, they borrowed enough, at twenty per cent, to buy seed corn and a plow.
Dust by Haldeman, Julius Mr. and Mrs. View in context
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