What is another word for chattel mortgage?
Pronunciation: [t͡ʃˈatə͡l mˈɔːɡɪd͡ʒ] (IPA) 
A chattel mortgage is a type of loan where a borrower uses movable personal property, such as machinery or vehicles, as collateral for the loan. There are several synonyms for chattel mortgage, including equipment finance, asset-based lending, movable asset loan, and personal property security loan. These terms are often used interchangeably, but each has its own nuances and legal implications. Asset-based lending and personal property security loans are broader terms that can include other forms of collateral besides movable personal property. Equipment finance specifically refers to using equipment as collateral, while the term movable asset loan can be used more broadly to cover other types of personal property.
