A debt backed by some physical asset other than land, such as machinery, equipment, or inventory, is termed .

chattel mortgage loan

Explanation:

Chattel mortgage occurs when a purchaser borrows funds to buy moveable property from the lender. Similar to a secure car loan the lender will provide the funds for purchase of the property, and the purchaser will take ownership of it.

The lender then mortgages the property as security for the loan. When payment is complete the purchase will take full ownership of the property.

answer; buyer guide;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.