NOUN
- a loan to buy some personal item; the item (or chattel) is security for the loan
How To Use chattel mortgage In A Sentence
- The third section analyzes the ensuring mechanism of liability of the registration system of chattel mortgage.
- In July the goods were mortgaged by the Claimant to HSBC as per the HSBC chattel mortgage under the covenants of which… the Claimant had obligations which were wholly inconsistent with rejection of the goods.
- In that case a chattel mortgage was given to the bank by two principals of the bankrupt corporation.
