noun a movable item of personal property, especially one that is not real estate
adjective relating to or consisting of chattels
Historically, chattel slavery referred to the ownership of individuals as property.
In real estate, chattel can refer to personal property included in a property sale, such as appliances or furniture.
In legal terms, chattel refers to personal property that is movable and not fixed to land, such as furniture, vehicles, and livestock.
Chattel mortgages involve using personal property as collateral for a loan.
Chattel can also be used in economics to describe movable assets that can be bought, sold, or traded.
Chattel can be studied in anthropology to understand the concept of ownership and property rights in different societies.
In legal writing, chattel refers to personal property that is movable and not attached to land, such as furniture, vehicles, and livestock.
Psychologists may use the concept of chattel in discussing material possessions and their impact on an individual's mental well-being or attachment style.
Real estate agents may refer to chattel when discussing items that are included or excluded from a property sale, such as appliances or furniture.
Accountants may need to account for chattel when valuing a business or assessing its assets, which can include equipment, inventory, and other movable property.
Insurance agents may need to differentiate between real property and chattel when determining coverage for a policyholder's personal belongings.