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Chattel mortgage
When an interest is given on moveable property other than real property (in which case it is usually a 'mortgage'), in writing, to guarantee the payment of a debt or the execution of some action. - ( read more on Chattel mortgage)
A mortgage on personal property created to secure the paymentof monies owed or the performance of some other obligation. This securitydevice has for the most part been replaced by the security agreements availableunder the Uniform Commercial Code.
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General Law INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 30.
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