This is called 'mortgaging' things that you own to the person or company who lent it to you. If you do not pay the money back to the person or company who lent you the money as arranged they can take the chattels you listed. See also 'loan' and 'secured loan'. Commercial goods Goods normally used for commercial purposes - eg, manufacturing equipment, farm machinery, trucks. An important term or rule of a contract .
Some contracts are conditional.
As a consequence your curtains get stained with cleaning fluid. You now have the cost of getting the curtains drycleaned. This cost is called a consequential loss. Consumer goods Goods normally used for personal, domestic or household use - eg, clothing, groceries, furnishings, cars . A person who buys these goods is called a 'consumer'.