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

INFLATION ADJUSTMENT is whenever any figure is adjusted for inflation/deflation. It simply means that all fluctuations in price (upward or downward) that are directly attributable to inflation/deflation are reflected into that figure through either adding or subtracting the amount that is directly caused by inflation/deflation.

GILT is a bond issued by the UK government. Gilts are equivalent to a U.S. Treasury security.

Suggest a Term

Enter Search Term

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