1 minus 3/8 = 5/8 7/11 minus 3/11 = 4/11 3(whole) and 4/5 minus 2(whole) and 1/5 = 1 and 3/5 11(whole) and 3/4 minus 3(whole) and 1/5 = 8 and 11/20 6(whole) and 1/2 minus 5 = 1 and 1/2. rocktricia Â· 7 years ago.
From Wikipedia, the free encyclopedia. Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender. The lender then secures the loan with a mortgage over the chattel.
DEFINITION of 'Condotel' A condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are individually owned. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room. BREAKING DOWN 'Condotel' There are pros and cons to condotel ownership. Pros include rental income to offset ownership expenses, a great vacation home, a cared-for home and potential price appreciation. On the down side, you might have to make a reservation for your own unit several days or weeks in advance.