English Dictionary

CHATTEL MORTGAGE

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IPA (US): 

 Dictionary entry overview: What does chattel mortgage mean? 

CHATTEL MORTGAGE (noun)
  The noun CHATTEL MORTGAGE has 1 sense:

1. a loan to buy some personal item; the item (or chattel) is security for the loanplay

  Familiarity information: CHATTEL MORTGAGE used as a noun is very rare.


 Dictionary entry details 


CHATTEL MORTGAGE (noun)


Sense 1

Meaning:

A loan to buy some personal item; the item (or chattel) is security for the loan

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("chattel mortgage" is a kind of...):

mortgage (a conditional conveyance of property as security for the repayment of a loan)


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