Chattel : Definition

Chattel

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Definitions of Chattel

Pronunciation : Chat"tel
Part of Speech : n.
Etymology : [OF. chatel; another form of catel. See Cattle.] (Law)
Definition : Defn: 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.
Source : Webster's Unabridged Dictionary, 1913

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