What is the meaning of Chattel Mortgage?

Chattel Mortgage is a legal term which refers to loans backed by personal movable property or chattel. It is different from traditional loans wherein people used to provide real estate as a security to the loan issuing bank or authority. ..

What is Bank Rate?

Bank Rate is defined as the rate at which Central Bank gives loans to other domestic banks like commercial banks, cooperative banks, development banks etc. The loans are generally given on a short-term basis. It is the way the Central ..