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chattel mortgage
(redirected from chattel mortgages)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
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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A registered chattel mortgage: movable property or business supplies are the subject of the pledge, which is registered before the National Registry of Chattel Mortgages.
Chattel mortgages have generally been superseded by other types of
Chattel mortgages have generally been superseded by other types of
 
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