Chattel Mortgage

Importance: 0.71

Is a company: no

Is a proper noun: no

Synonyms

  • loan
  • secured by assets

Definition of Chattel Mortgage

  1. A loan that is certified by movable personal property such as a mobile or trailer home.

Related Terms and Acronyms

  • Floater Insurance Definition,
    • Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
  • Chattel Definition,
    • Personal property that can be moved.
  • Real Property Definition,
    • Permanent, non-movable property, such as land and buildings.
  • Loan Definition,
    • Letting another party use something of value temporarily.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Mortgage (mtg) Abbreviation, Important,
    • A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • Personal Property (PP) Acronym,
    • Property that is movable and not permanently attached to a dwelling or structure.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage