Definition of Chattel mortgage. Meaning of Chattel mortgage. Synonyms of Chattel mortgage

Here you will find one or more explanations in English for the word Chattel mortgage. Also in the bottom left of the page several parts of wikipedia pages related to the word Chattel mortgage and, of course, Chattel mortgage synonyms and on the right images related to the word Chattel mortgage.

Definition of Chattel mortgage

Chattel mortgage
Mortgage Mort"gage, n. [F. mort-gage; mort dead (L. mortuus) + gage pledge. See Mortal, and Gage.] 1. (Law) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made. Note: It was called a mortgage (or dead pledge) because, whatever profit it might yield, it did not thereby redeem itself, but became lost or dead to the mortgager upon breach of the condition. But in equity a right of redemption is an inseparable incident of a mortgage until the mortgager is debarred by his own laches, or by judicial decree. --Cowell. Kent. 2. State of being pledged; as, lands given in mortgage. Chattel mortgage. See under Chattel. To foreclose a mortgage. See under Foreclose. Mortgage deed (Law), a deed given by way of mortgage.
Chattel mortgage
Chattel Chat"tel, n. [OF. chatel; another form of catel. See Cattle.] (Law) Any item of movable or immovable property except the freehold, or the things which are parcel of it. It is a more extensive term than goods or effects. Note: Chattels are personal or real: personal are such as are movable, as goods, plate, money; real are such rights in land as are less than a freehold, as leases, mortgages, growing corn, etc. Chattel mortgage (Law), a mortgage on personal property, as distinguished from one on real property.

Meaning of Chattel mortgage from wikipedia

- Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law...
- Chattel may refer to: Chattel, an alternative name for tangible personal property A chattel house, a type of West Indian dwelling A chattel mortgage, a...
- can often be secured with similar kind of device, variously called a chattel mortgage, trust receipt, or security interest. In the United States, Article...
- grant to a lender, as in mortgage law Chattel mortgage Deed, the mortgage do****ent Hypothec, a specie of en****brance Mortgage (film), a 1990 Australian...
- it is a fixture or chattel has a bearing on whether a real property mortgage applies to the trailer. For example, most mortgages contain a clause that...
- these two modes specifically apply to real estate mortgages. Foreclosure of chattel mortgages (mortgage of movable property) are governed by Sec. 14 of...
- are imposed by a contract between the creditor and the debtor: mortgage chattel mortgage Nonconsensual liens typically arise by statute or by the operation...
- to the common-law chattel mortgage). Whereas a pledge operates by bailment and transfers possession on delivery and a chattel mortgage operates by conveyance...
- organization – Charitable remainder trust – Charitable trust – Charter – Chattel – Chattel mortgage-- Checks and balances – Cheque – Chief Justice – Chief Justice...
- linked house purchases Chain – unit of measurement Chain of title Chattel Chattel mortgage Cheonse City block Civil action Civil Rights Act of 1866 Civil...
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