Library / English Dictionary

    CHATTEL MORTGAGE

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

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

    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


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