HyperDic: chattel_mortgage

English > 1 sense of the expression chattel mortgage:
NOUNpossessionchattel mortgagea loan to buy some personal item
English > chattel mortgage: 1 sense > noun 1, possession
MeaningA loan to buy some personal item; the item (or chattel) is security / security for the loan.
BroadermortgageA conditional conveyance of property as security for the repayment of a loan

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