Chattel Mortgage

Chattel mortgage (sometimes abbreviated to CM) is the legal term for a type of loan contract used in some states which have adopted the English law concept.Under a chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender. The lender then secures the loan with a mortgage over the chattel. Legal ownership of the chattel is transferred to purchaser at the time of purchase, and the mortgage is removed once the loan has been repaid.
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بيع شرط
قانون ـ فقه : رهن
 کلمات مرتبط(2) 

کلمات مرتبط(chattel mortgage):



بازگشت به واژه chattel mortgage


chattel 
 mortgage 

IPOTECA SUI BENI MOBILI

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

Noun
1. a loan to buy some personal item; the item (or chattel) is security for the loan
(hypernym) mortgage