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 mortgageMortgage 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 mortgageChattel Chat"tel, n. [OF. chatel; another form of catel. See
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
, an alternative
name for tangible personal property
house, a type of West Indian dwelling
A chattel mortgage
- can often
kind of device, variously called
a chattel mortgage
receipt, or security
interest. In the United
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
has a bearing
a real property mortgage applies
to the trailer. For example, most mortgages contain
two modes specifically apply
to real estate mortgages
of chattel mortgages
property) are governed
by Sec. 14 of...
- are imposed
by a contract between
and the debtor: mortgage chattel mortgage Nonconsensual liens typically arise
or by the operation...
- to the common-law chattel mortgage
a pledge operates
and transfers possession
and a chattel mortgage operates
over personal property
are often referred
to as 'chattel mortgages
', and mortgages
over intangible rights
are often expressed
- some other method
of abuse. In chattel
slavery, the enslaved person
is legally rendered
the personal property
) of the slave
owner. In economics...
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