chattel mortgage Antonyms

No Synonyms and anytonyms found

Meaning of chattel mortgage

Wordnet

chattel mortgage (n)

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

chattel mortgage Sentence Examples

  1. She obtained a chattel mortgage to finance the purchase of her new car.
  2. The farmer used a chattel mortgage to buy machinery for his agricultural operations.
  3. Businesses often utilize chattel mortgages to acquire equipment and other movable assets.
  4. The bank approved his application for a chattel mortgage, securing the loan against the purchased goods.
  5. He defaulted on his chattel mortgage, leading to the repossession of the financed items.
  6. The lender assessed the value of the chattels before approving the chattel mortgage.
  7. A chattel mortgage offers businesses flexibility in obtaining financing for various assets.
  8. Individuals may choose a chattel mortgage over other forms of financing for its simplicity and quick processing.
  9. The terms and conditions of the chattel mortgage outlined the rights and responsibilities of both the borrower and the lender.
  10. The farmer repaid his chattel mortgage ahead of schedule, avoiding additional interest charges.

FAQs About the word chattel mortgage

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

No synonyms found.

No antonyms found.

She obtained a chattel mortgage to finance the purchase of her new car.

The farmer used a chattel mortgage to buy machinery for his agricultural operations.

Businesses often utilize chattel mortgages to acquire equipment and other movable assets.

The bank approved his application for a chattel mortgage, securing the loan against the purchased goods.