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chattel mortgage
(redirected from chattel mortgages)

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Chattel Mortgage
A loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property.
chattel mortgage
A mortgage loan using personal property such as automobiles, paintings, inventories, or real estate leases, but not real estate ownership, as security.
chattel mortgage

A security interest in tangible personal property.
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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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