chattel mortgage

1. 1.

   a loan to buy some personal item; the item (or chattel) is security for the loan

   Broadermortgage

Questions about chattel mortgage

What does chattel mortgage mean?

chattel mortgage means "a loan to buy some personal item; the item (or chattel) is security for the loan".

Is chattel mortgage a common word?

chattel mortgage is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.