chattel(redirected from Chattels)
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chattel (chătˈəl), in law, any property other than a freehold estate in land (see tenure). A chattel is treated as personal property rather than real property regardless of whether it is movable or immovable (see property). 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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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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.