Chattel mortgages | Article about chattel mortgages by The Free Dictionary
chattel mortgage (redirected from chattel mortgages)
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A security interest in a chattel as collateral for the payment of a loan.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive
Louis Joerger even executed a chattel mortgage
with Jesse Carter, presumably to help pay legal expenses.
Two other legal ingredients of enterprise found in statutes in the period were chattel mortgages
and mechanics' liens.
Besides, the hold-out was only pro-forma because all the loans were fully secured by vehicle chattel mortgages
the borrowers assigned to the bank.