dict.org

The DICT Development Group


Search for:
Search type:
Database:

Database copyright information
Server information
Wiki: Resources, links, and other information


3 definitions found
 for Chattel mortgage
From The Collaborative International Dictionary of English v.0.48 :

  Mortgage \Mort"gage\ (m[^o]r"g[asl]j; 48), 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.
        [1913 Webster]
  
     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.
           [1913 Webster]
  
     2. State of being pledged; as, lands given in mortgage.
        [1913 Webster]
  
     Chattel mortgage. See under Chattel.
  
     To foreclose a mortgage. See under Foreclose.
  
     Mortgage deed (Law), a deed given by way of mortgage.
        [1913 Webster]

From The Collaborative International Dictionary of English v.0.48 :

  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.
     [1913 Webster]
  
     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.
           [1913 Webster]
  
     Chattel mortgage (Law), a mortgage on personal property, as
        distinguished from one on real property.
        [1913 Webster]

From WordNet (r) 3.0 (2006) :

  chattel mortgage
      n 1: a loan to buy some personal item; the item (or chattel) is
           security for the loan

Questions or comments about this site? Contact webmaster@dict.org