Define Chattel Mortgage

Chattel mortgage – definition of chattel mortgage by The Free. – Define chattel mortgage. chattel mortgage synonyms, chattel mortgage pronunciation, chattel mortgage translation, English dictionary definition of chattel mortgage. n. A mortgage using movable personal property rather than real estate as security. n US and Canadian a mortgage on movable personal property noun 1.

Chattel mortgage financial definition of chattel mortgage – On the ground, apart from its unparalleled quick processing turnaround time commitments, the branches were able to offer added incentives to eligible borrowers in the form of free 1st year comprehensive insurance, chattel mortgage fees and gas allowance for auto loans; and free appliance packages for home loans.

What Is a Chattel Mortgage? | realtor.com – A chattel mortgage, also known as a secured transaction, is a loan that can be obtained from a bank or financial institution using some sort of movable personal property-possessions other than.

What is a Chattel Mortgage? – Definition & Example | Study.com – A common example of a chattel mortgage is a car loan. The creditor lends the money to a borrower that wants to purchase or ‘finance’ a new or used car but does not have the funds on hand to do so.

Rule of Law:  'Chattel Mortgage' Chattel Mortgage Definition – Investopedia – Chattel mortgage is a loan arrangement in which an item of movable personal property acts as security for a loan. The movable property, or chattel, guarantees the loan, and the lender holds an.

Chattel mortgage | Define Chattel mortgage at Dictionary.com – British Dictionary definitions for chattel mortgage. chattel mortgage. noun. US and Canadian a mortgage on movable personal property. Show More.

Chattel Mortgage Definition – Duhaime.org – Chattel Mortgage Definition: When an interest is given on moveable property other than real property (in which case it is usually a ‘mortgage’), in writing, to guarantee the payment of a debt or the execution of some action.

Chattel mortgages legal definition of chattel mortgages – Chattel Mortgage. A transfer of some legal or equitable right in Personal Property as security for the payment of money or performance of some other act. Chattel mortgages have generally been superseded by other types of Secured Transactions under the Uniform Commercial Code (UCC), a body of law adopted by the states that governs commercial transactions.

Chattel mortgage definition and meaning | Collins English. – The demonstrative pronouns are used instead of a noun phrase to indicate distance in time or space in relation to the speaker. They also indicate grammatical number- singular or plural.

What is chattel mortgage? definition and meaning. – Lien on the personal and movable property of a borrower, instead of on land or building.Chattel mortgage is used often in the credit (hire purchase) sale of.