On another note, after the quarter and as planned, we successfully completed the planned repurchase of the 2005 securitized bonds held at our mortgage subsidiary. with future launch of pilot.
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chattel mortgage: Lien on the personal and movable property of a borrower, instead of on land or building. Chattel mortgage is used often in the credit (hire purchase) sale of automobiles or big-ticket household appliances.
The progressive response to this question invariably contains some reference to history: blacks were taken from their homeland in chains, forced to work as chattel for 250 years, and then subjected to.
Who we come from doesn’t define us. We define ourselves by our. A chattel mortgage, also known as a secured transaction, is a loan that can be obtained from a bank or financial institution using some sort of movable personal property-possessions other than land, buildings, or any permanent fixture-as security.
chattel mortgage – a loan to buy some personal item; the item (or chattel) is security for the loan. mortgage – a conditional conveyance of property as security for the repayment of a loan.
The legal definition of Chattel Mortgage is When an interest is given on moveable property other than real property (in which case it is usually a ‘mortgage’), in writing, to guarantee the payment of a debt or the execution of some action.
A chattel mortgage, also known as a secured transaction, is a loan that can be obtained from a bank or financial institution using some sort of movable personal property-possessions other than.
chattel mortgage A mortgage loan using personal property such as automobiles, paintings, inventories, or real estate leases, but not real estate ownership, as security. A security interest in tangible personal property.
Land Amortization Schedule Loan Amortization Calculator. Almost any data field on this form may be calculated. Enter the appropriate numbers in each slot, leaving blank (or zero) the value that you wish to determine, and then click "Calculate" to update the page.balloon mortgage pros and cons A Balloon Mortgage is a great option for a shorter-term home loan.. because towards the end of the mortgage life a large balloon payment is due. Pros:. Cons: If the interest rate falls, you could be stuck paying a higher rate; Initial interest.
Chattel Mortgage. A transfer of some legal or equitable right in Personal Property as security for the payment of money or performance of some other act. chattel mortgages have generally been superseded by other types of Secured Transactions under the uniform commercial code (UCC), a body of law adopted by the states that governs commercial transactions.
Balloon Note Definition Here is a sampling of other new laws that Californians will wake up to in January: Assault weapons: The new gun-control regulations broaden the definition of illegal assault. Advocates for homeless.
chattel: An article of movable personal property.. from The Century Dictionary.. It is a more extensive term than goods or effects . noun (Law) a mortgage on.