1. mortgage-backed_security

noun. a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government.

Rhymes with Chattel Mortgage

2. mortgage

noun. ['ˈmɔrgədʒ, ˈmɔrgɪdʒ'] a conditional conveyance of property as security for the repayment of a loan.

3. mortgage

verb. ['ˈmɔrgədʒ, ˈmɔrgɪdʒ'] put up as security or collateral.

4. chattel

noun. ['ˈtʃætəl'] personal as opposed to real property; any tangible movable property (furniture or domestic animals or a car etc).

Sentences with chattel-mortgage

1. Noun Phrase
Many mobile homeowners will hold a type of personal property loan called a *chattel mortgage*, in which the mobile home serves as collateral for the money they borrowed.

2. Noun Phrase
You can get an even better loan deal if you convert your stationary manufactured home from personal property to real property, pay off your high interest chattel mortgage and refinance into a traditional mortgage loan.