chattel mortgage


Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.

chattel mortgage

A security interest in a chattel as collateral for the payment of a loan.
Mentioned in ?
References in periodicals archive ?
At present, we provide either conventional or chattel mortgage financing to approximately 50% of Palm Harbor's homebuyers.
Originally established to provide refurbishment leasing for the first generation of Holiday Inn hotels, GIAC is the equipment leasing and chattel mortgage financing subsidiary of Holiday Inn Worldwide.
Financing companies are allowed to engage in direct lending or by discounting commercial papers, buying and selling contracts and leases chattel mortgages.