Chattel
December 09, 2013 | | Kris Tabetando | 0 Comment
A chattel is personal property that is movable. As such, these are assets that can be used as collateral to secure debt financing. This is referred to as a chattel mortgage.
In website deals involving seller financing, the domain name or website is generally used as collateral for the loan. This is a form of chattel mortgage on these assets.
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.
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