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)

Credits