Chattel Mortgage
December 09, 2013 | | Kris Tabetando | 0 Comment
A chattel is movable personal property that can be used as collateral for a loan.
In a chattel mortgage, the lender thus has a lien against the chattel until the entire loan has undergone full amortization and is paid off by the borrower. This can be seen in loans secured in website deals.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
- Connect with Kris:
