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Chattel mortgage

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chattel mortgage

 
Use Chattel mortgage in a Sentence
–noun
a mortgage on household, movable, or other personal property.
Origin:
1855–60, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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chattel mortgage  
n.  A mortgage using movable personal property rather than real estate as security.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Chattel Mortgage

A term used when describing a mobile or manufactured home mortgage. Specifically when the home is not financed with the land.

Investopedia Commentary

These homes are commonly found in communities or parks.

See also: Mortage

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

chattel mortgage

A mortgage loan using personal property such as automobiles, paintings, inventories, or real estate leases, but not real estate ownership, as security.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: chattel mortgage
see MORTGAGE
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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