| / English Dictionary |
CHATTEL MORTGAGE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A loan to buy some personal item; the item (or chattel) is security for the loan
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("chattel mortgage" is a kind of...):
mortgage (a conditional conveyance of property as security for the repayment of a loan)
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