chattel mortgage

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  • noun

Words related to chattel mortgage

a loan to buy some personal item

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References in periodicals archive ?
Established in 1998, Macquarie Leasing offers products including finance leases, novated lease agreements, chattel mortgage and commercial hire purchases for motor vehicles and other income producing plant and equipment.
The statute also says the definition "includes a security agreement, chattel mortgage, conditional sales contract, or other similar instrument.
The only difference is that a chattel mortgage pledges personal property as security for the loan instead of real estate.
The chattel mortgage was a legal invention of the nineteenth century and a financing device for personal property.
Please note that these rules do not apply to alimony or maintenance payments, secured obligations such as moneys owing on a land or chattel mortgage or on security agreements and other limited exceptions.