HyperDic
English
> 1 sense of the expression
chattel mortgage
:
NOUN
possession
chattel mortgage
a
loan
to
buy
some
personal
item
English
>
chattel mortgage
: 1 sense
> noun 1, possession
Meaning
A
loan
to
buy
some
personal
item
; the
item
(or
chattel
) is
security
/
security
for the
loan
.
Broader
mortgage
A
conditional
conveyance
of property as
security
for the
repayment
of a
loan