WebBritannica Dictionary definition of CHATTEL. old-fashioned. : something (such as a slave, piece of furniture, tool, etc.) that a person owns other than land or buildings. [count] personal chattels. [noncount] slaves treated as chattel. Webchattel (n.). Frühes 13. Jahrhundert, chatel "Eigentum, Güter", aus dem Altfranzösischen chatel "Chattels, Güter, Reichtum, Besitz, Eigentum; Gewinn; Vieh", aus dem …
What Is A Chattel Mortgage? Quicken Loans
WebChattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law . Under a typical 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 ... WebJan 10, 2024 · Definition of Chattel. Noun. Items of personal property that are moveable; Physical property other than land, buildings, or things annexed or attached to the land; A … emerycountyjam
SALES - CHATTEL MORTGAGES UNDER THE BULK SALES …
WebHistory: P.A. 76-369 deleted references to contract rights throughout section, redefined “chattel paper” to specifically exclude charters or contracts involving use or hire of vessels, redefined “document” to include receipts described in Sec. 42a-7-201(2), redefined “goods” to exclude minerals before extraction and to include ... Webchattels secured by a Commercial Business Mortgage (such as goods) should be existing and identified and cannot be changed after the perfection of the mortgage, but the … WebApr 6, 2024 · Definition. "Chattel" is a catch-all term for movable personal property or possessions, such as electronics, clothing, livestock, or cars. Owners may use chattel … emery county court docket