Printer Friendly
The Free Dictionary
897,370,281 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

chattel mortgage
(redirected from chattel mortgages)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.03 sec.
Chattel Mortgage
A term used when describing a mobile or manufactured home mortgage. Specifically when the home is not financed with the land.

Notes:
These homes are commonly found in communities or parks.

See also: Mortage

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.

?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
No references found
 
Moreover, we expected that conditions would be the most severe in markets across the Southeast because of their traditional reliance on chattel mortgages.
Given our focus on Southeastern markets, a region that has traditionally relied on chattel mortgages for the purchase of manufactured housing, these adverse conditions have translated into even greater hurdles for Cavalier," he continued.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.