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Chattel

usgb/ˈtʃætl/Volume
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Legal Context

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

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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.

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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.

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

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