Chattel

usgb/ˈtʃætl/
noun

Something that a person owns other than land or buildings.

Furniture, cars, stocks, and bonds are considered chattels.
Visual representation of "chattel" - Something that a person owns other than land or buildings.

Often appears as...

  • personal chattel
  • chattel mortgage

Usage tips

Formal

Academic

Definition 1 of 2
Visual representation of "chattel"
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Legal Context

Often used in legal situations to discuss personal property or assets.

Illustration for Legal Context
The will stated that all chattel should be divided among her children.
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Excludes Real Estate

Remember, chattel does not include land or buildings, it's moveable property.

Illustration for Excludes Real Estate
Her jewelry collection was her most valuable chattel.
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Secured Loans

Chattel can be used as security for a loan, known as a chattel mortgage.

Illustration for Secured Loans
He took out a chattel mortgage on his boat to finance his business.
Visual representation of the word "Chattel"

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