chattel

chattel: chat·tel /'chat-əl/ n [Old French chatel goods, property, from Medieval Latin capitale, from neuter of capitalis chief, principal see capital]: an item of tangible or intangible personal property; esp: chattel personal in this entry

◇ In some jurisdictions the term chattel is restricted to items of tangible and movable personal property. Other jurisdictions also classify intangible assets and property items as chattels.

chattel personal pl chattels personal: an item of tangible movable personal property (as livestock or an automobile) that is not permanently connected with real estate

chattel real, pl, chattels real: an interest (as a leasehold or profit a prendre) in an item of immovable property (as land or a building) that is less than a freehold estate compare fixture

◇ Interests that are considered chattels real have been treated by the common law as personal property despite being interests in real property.

chattel: I noun asset, belonging, commodity, effect, equipment, fortune, holding, movable article of property, movables, personal effect, personalty, possession, property, resource, trapping, valuable associated concepts: action to recover a chattel, chattel interest, chattel mortgage, chattel trust, chattels real, conveyance of a chattel, household chattels, lien upon a chattel, personal chattels, personal property foreign phrases:
- Catalla juste possessa amitti non possunt. — Chattels justly possessed cannot be lost.

- Catalla reputantur inter minima in lege. — Chattels are considered in law of lesser importance
II index holding (property owned), merchandise, possession (property)

chattel: n.
A possession; movable or personal property, as opposed to land or real property; something that can be owned.

chattel: in English law, any property other than freehold land. Interests in land that are not freehold may be called chattels real. Moveable corporeal articles of property are chattels personal. See goods.

chattel: An item of personal property that can be moved from place to place.

Category: Wills, Trusts & Estates → Wills

chattel: England, Wales

A tangible, moveable asset, for example a piece of jewellery, a painting, or a car.

See also personal chattels.

chattel: n. Any tangible property that is moveable or transferable.

See also personal property, real property.

@ chattel personal

Any moveable property, tangible personal property, or an intangible right in such property (such as a patent). Also called personal chattel.

@ chattel real

Any interest in real property less than a freehold or a fee (such as an easement). Also called real chattel.

@ chattel mortgage

A lien on assets other than real estate that secures a loan.

@ chattel paper

A writing or writings that evidence a monetary obligation as well as a security interest in or a lease of specific goods. Generally used when a consumer buys goods on credit by signing a promissory note that promises payment in the future as well as grants the seller a security interest in the goods.

See also accommodation paper, commercial paper.

@ personal chattel

Any moveable property, tangible personal property, or an intangible right in such property (such as a patent). Also called chattel personal.

@ real chattel

Any interest in real property less than a freehold or a fee (such as an easement). Also called chattel real.
@

chattel: An item of personal property that is movable; it may be animate or inanimate.

chattel: I
An item of personal property that is movable; it may be animate or inanimate.
II An article of personal property.

chattel: n.

an item of personal property which is movable, as distin-guished from real property (land and improvements).

See also: personal property

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chattel — [chat′ l] n. [ME chatel < OFr: see CATTLE] 1. a) a movable item of personal property, as a piece of furniture, an automobile, or a head of livestock: in full chattel personal b) any interest in real estate less than a freehold: in full chattel … English World dictionary
Chattel — Chat tel, n. [OF. chatel; another form of catel. See {Cattle}.] (Law) 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. [1913 Webster] Note:… … The Collaborative International Dictionary of English
chattel — Assets that are movable and not attached to land or real property. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
chattel — (n.) early 13c., chatel property, goods, from O.Fr. chatel chattels, goods, wealth, possessions, property; profit; cattle, from L.L. capitale property (see CATTLE (Cf. cattle), which is the Old North French form of the same word). Application to… … Etymology dictionary
chattel — ► NOUN ▪ a personal possession. ORIGIN Old French chatel, from Latin caput head … English terms dictionary
chattel — An archaic term for personal property that was common in many states before the adoption of the UCC. The term is used almost exclusively by bankers and lawyers who were trained before the adoption of the code. American Banker Glossary * * *… … Financial and business terms
Chattel — Personal property that is movable. Chattel can be either animate or inanimate personal property and can be borrowed against using a chattel mortgage. It typically excludes freehold land and items such as fixtures or equipment permanently attached … Investment dictionary
chattel — /chatal/ An article of personal property, as distinguished from real property. A thing personal and movable. It may refer to animate as well as inanimate property. See also goods property (personal property). personal chattel Movable things.… … Black's law dictionary
chattel — /chatal/ An article of personal property, as distinguished from real property. A thing personal and movable. It may refer to animate as well as inanimate property. See also goods property (personal property). personal chattel Movable things.… … Black's law dictionary
chattel — UK [ˈtʃæt(ə)l] / US noun [countable, usually plural] Word forms chattel : singular chattel plural chattels legal something that you own • See: goods and chattels … English dictionary

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chattel

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