Chattel mortgage
volume
British pronunciation/tʃˈatəl mˈɔːɡɪdʒ/
American pronunciation/tʃˈæɾəl mˈɔːɹɡɪdʒ/

Definition & Meaning of "chattel mortgage"

Chattel mortgage
01

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

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