Business Loans Glossary: Chattel Mortgage

Business Loans Glossary: Chattel Mortgage

A mortgage on personal property, given to secure a debt. Typically used in the sale of a business. Also called a security agreement.





 



Other terms explained in the Business Loans Glossary


0 votes so far for this article. Did this article help you? YES NO

Send this article by email
or Close

Leave a comment
or Close

Main Page Article Id: 42 - Version: 3 - Created: 25-02-2008 - Last Updated: 26-03-2008 - Hits: 297   
Categories: Glossary

Comments

No comments yet!

Powered By mosKnowledgebase.