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Chattel Mortgage
A legal arrangement where personal property is used as security for a loan, but the borrower maintains possession of the property while repaying the loan.
Principal Differences
Fundamental disagreements or conflicting main ideas, often found in negotiations, viewpoints, or interpretations.
Debenture
A type of debt instrument unsecured by collateral, relying on the creditworthiness and reputation of the issuer for security.
Chattel Mortgage
A loan agreement where personal movable property is used as collateral for the loan.
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