Chattel Mortgage: Canada Debt .ca defines Chattel Mortgage

Bankruptcy Term Chattel Mortgage

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Canada Debt has the definition to the bankruptcy and debt term Chattel Mortgage. Finding answers to terms such as Chattel Mortgage can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Chattel Mortgage in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Chattel Mortgage' is used as follows:

An interest that is given by one person in, say, a piece of property such as a piano to another person to secure a debt.