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chattel mortgage


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


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