In Australia, chattel mortgages are commonly used by cars, commercial vehicles and other business equipment.
2.
Chattel mortgages over certain assets ( such as ships and aircraft ) are governed by more particular rules.
3.
As Tibaut did not have the full purchase price, Ford held a $ 400 chattel mortgage on Northup.
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However, later, some of the first laws on chattel mortgages in the Anglo-American world were passed.
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Companies and other corporate entities may give chattel mortgages too over any tangible, movable property as security for a debt obligation.
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Personal property can often be secured with similar kind of device, variously called a chattel mortgage, trust receipt, or security interest.
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Similarly, a chattel mortgage granted to allow a person to purchase a trailer home could be lost if the trailer is later attached to real property.
8.
At that time, a chattel mortgage upon the " Telegram Publishing Co . " property was made in favor of the John Dunfee estate for $ 25, 918.
9.
"' Chattel 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.
10.
Most Australian lenders offering commercial loan facilities ( including chattel mortgage, hire purchase and finance lease ) for cars, commercial vehicles and business equipment add retained interest to payout figures for loans that are terminated early.
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