from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A mortgage using movable personal property rather than real estate as security.
from the GNU version of the Collaborative International Dictionary of English
- n. a mortgage on personal property, as distinguished from one on real property.
- n. See under Chattel.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a loan to buy some personal item; the item (or chattel) is security for the loan
Sorry, no etymologies found.
He was to pay the rent, receiving a sub-lease from Bohlmann, who was only a lesee himself, and to give a chattel mortgage on the stock supplied him.