Chattel mortgage
Chattel Chat"tel, n. [OF. chatel; another form of catel. See {Cattle}.] (Law) Any item of movable or immovable property except the freehold, or the things which are parcel of it. It is a more extensive term than goods or effects. [1913 Webster]

Note: Chattels are personal or real: personal are such as are movable, as goods, plate, money; real are such rights in land as are less than a freehold, as leases, mortgages, growing corn, etc. [1913 Webster]

{Chattel mortgage} (Law), a mortgage on personal property, as distinguished from one on real property. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Chattel mortgage — Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable… …   Wikipedia

  • chattel mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chattel mortgage n …   Law dictionary

  • Chattel mortgage — Mortgage Mort gage (m[^o]r g[asl]j; 48), n. [F. mort gage; mort dead (L. mortuus) + gage pledge. See {Mortal}, and {Gage}.] 1. (Law) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and …   The Collaborative International Dictionary of English

  • chattel mortgage — An interest that is given by one person in, say, a piece of property such as a piano to another person to secure a debt. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • chattel mortgage — noun a loan to buy some personal item; the item (or chattel) is security for the loan • Hypernyms: ↑mortgage * * * noun : a mortgage of chattel property as opposed to estate * * * a mortgage on household, movable, or other personal property.… …   Useful english dictionary

  • chattel mortgage — A pre Uniform Commercial Code security device whereby a security interest was taken by the mortgagee in personal property of the mortgagor. A transfer of some legal or equitable right in personal property or creation of a lien thereon as security …   Black's law dictionary

  • chattel mortgage — A pre Uniform Commercial Code security device whereby a security interest was taken by the mortgagee in personal property of the mortgagor. A transfer of some legal or equitable right in personal property or creation of a lien thereon as security …   Black's law dictionary

  • chattel mortgage — An archaic term for a security agreement. American Banker Glossary A loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property. Bloomberg Financial Dictionary …   Financial and business terms

  • chattel mortgage — a mortgage on household, movable, or other personal property. [1855 60, Amer.] * * * …   Universalium

  • Chattel Mortgage — A term used when describing a mobile or manufactured home mortgage. Specifically when the home is not financed with the land. These homes are commonly found in communities or parks …   Investment dictionary

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