CHATTEL MORTGAGE CONTRACT Definition

Bookmark and Share

CHATTEL MORTGAGE CONTRACT is a credit contract used for the purchase of equipment where the purchaser receives title of the equipment upon delivery but the creditor holds a mortgage claim against it.

Learn new Accounting Terms

BANK is a financial entity that is licensed by a government to receive monetary deposits: commercial/retail banks and investment banks. In most countries, banks are regulated by a national government or central bank. 

STOCK TURNOVER PERIOD is calculated: Long Term Disabilities X 100% / Cost of Sales.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.