/ˈʃætəl ˈmɔːɡɪdʒ/ – Phrase
Definition: việc cầm cố động sản,
A more thorough explanation: A chattel mortgage is a legal agreement where a movable personal property, such as equipment or vehicles, is used as security for a loan. The borrower retains possession of the property but gives the lender a security interest in it until the loan is repaid. If the borrower defaults on the loan, the lender may seize and sell the property to recover the outstanding debt.
Example: The bank required the borrower to sign a chattel mortgage on the equipment being financed to secure the loan.