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chattel |
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chattel (chăt`əl), in law, any property other than a freehold estate in land (see tenure 2)). Spiritual welfare was provided for by frankalmoign tenure, i.e., granting lands in charity to religious bodies. Serjeanty tenure furnished the king with needed officials and with personal services. ..... Click the link for more information. ). A chattel is treated as personal property rather than real property regardless of whether it is movable or immovable (see property property, 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. ..... Click the link for more information. ). 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. |
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