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chattel mortgage
(redirected from chattel mortgages)

    Also found in: Legal, Financial, Encyclopedia 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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Chattel mortgages can be considered and used as additional collateral.
Assets may be invisible, but can still be valuable by The Journal (Newcastle, England)
Moreover, we expected that conditions would be the most severe in markets across the Southeast because of their traditional reliance on chattel mortgages.
Cavalier Announces Fourth Quarter and Year-End 2003 Results; Cavalier ... by Business Wire
He and his team also advise on compliance and prepare banking documents such as facility letters, debentures and guarantees as well as dealing with less common forms of security such as chattel mortgages, charges over securities and security from trusts.
Expertise which proves a winner by The Journal (Newcastle, England)
 
 
 
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