Dictionary Meaning and Definition on 'Chattel'
n : personal as opposed to real property; any tangible movable
property (furniture or domestic animals or a car etc)
[syn: personal chattel]
- Chattel \Chat"tel\, n. [OF. chatel; another form of catel. See
Any item of movable or immovable property except the
freehold, or the things which are parcel of it. It is a more
extensive term than goods or effects.
Note: Chattels are personal or real: personal are such as are
movable, as goods, plate, money; real are such rights
in land as are less than a freehold, as leases,
mortgages, growing corn, etc.
Chattel mortgage (Law), a mortgage on personal property, as
distinguished from one on real property.
Wikipedia Meaning and Definition on 'Chattel'
Personal property, roughly speaking, is private property that is moveable,
Personal property may be classified in a variety of ways. Tangible personal property refers to any type of property that can generally be moved (i.e., it is not attached to real property or land), touched or felt. These generally include items such as furniture, clothing, jewellery, art, writings, or household goods. In some cases, there can be formal title documents that show the ownership and transfer rights of that property after a person's death (for example, motor vehicles, boats, etc.) In many cases, however, tangible personal property will not be "titled" in an owner's name and is presumed to be whatever property he or she was in possession of at the time of his or her death.
Intangible personal property or "intangibles" refers to personal property that cannot actually be moved, touched or felt, but instead represents something of value such as negotiable instruments, securities, service (economics), and intangible assets including chose in action.[See more about Chattel at Dictionary 3.0 Encyclopedia]
Words and phrases related to 'Chattel'