chattel


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Related to chattel: chattel mortgage, Chattel Paper

chattel

(chăt`əl), in law, any property other than a freehold estate in land (see tenuretenure,
in law, manner in which property in land is held. The nature of tenure has long been of great importance, both in law and in the broader economic and political context.
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). A chattel is treated as personal property rather than real property regardless of whether it is movable or immovable (see propertyproperty,
rights to the enjoyment of things of economic value, whether the enjoyment is exclusive or shared, present or prospective. The rightful possession of such rights is called ownership.
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). Certain uses of the term (e.g., chattel mortgage) refer only to movable property. Otherwise the term also includes chattels real, i.e., those estates in land that do not constitute a freehold.

chattel

1. Any article of property not consisting of or affixed to land; movable property.
2. Same as 1, above, plus any interest in land that is less than a freehold. When this nomenclature is used, the term chattel personal is employed to designate movables such as goods and money, and chattel real to designate less-than-freehold interests in real property, such as leasehold interests for a term of years.
References in periodicals archive ?
1779 would amend HOEPA requirements for chattel loans less than $75,000 and allow a maximum spread (APR vs.
The finder must try to locate the true owner and care for the chattel in the interim because one is liable for the chattel until returned to its owner or prior possessor.
What is more, because insurers' obligations to policyholders are generally determined by the facts alleged in a claim-and not merely the labels applied to them-if the facts of the underlying activity constitute a trespass to chattel, then an insurer's defense obligations can be triggered even if the lawsuit at issue does not seek damages specifically for a trespass to chattel claim.
Such additions would have proven to be a worthwhile contribution and these omissions, though not grave, make The Chattel Principle seem imbalanced.
The institution of slavery in the nineteenth century is a powerful, multileveled play on consumption and production with its own unique kind of "gothic economy," which Beloved revises through Sethe's efforts to "consume" the "product" of slavery, her own children, that law and custom mandate as chattel property.
FSA proposes to remove the requirement for obtaining a real estate or chattel appraisal as part of the application process.
Sir Fulk De Enderby treats Johanna as chattel and sees her only as a source of a substantial dowry.
For example, the two laws apply to the sale and leasing of goods, but not to the creation of security interests in or the sale of chattel paper (secured leasing transactions).
Here and there, whites might speak of various ethnic groups or "tribes" of Africans, but with whites various ethnic identities of Africans meant little or nothing regarding the manner in which blacks of all ethnic groups would be labeled "Africans" and reduced to chattel bondage.