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 ?
The owner of a chattel who wants to part with it need only find someone who wants it or, alternatively, a landowner who is, consistent with his own duties of landownership, willing to accept the chattel for disposal.
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.
It adds substantially to existing scholarship on the literary and cultural discourse of the nineteenth-century "servant problem," chattel, bound, and "free" servitude in the United States.
The Chattel Principle encapsulates such topics as the impact of the slave trade on the moral fabric of United States society, psychological repercussions for slaves, and destruction of the slave family.
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.
Unlike trespass to real property, trespass to chattel has traditionally required a showing of some injury, which did not occur here.
The Farm Service Agency of the Rural Housing Service has proposed revisions to appraisal regulations governing real estate and chattel appraisals under its Direct Farm Loan Programs.
In the late '90s, the chattel standards were too lax," says James Clifton, vice president of economics and housing finance for MHI.
Sir Fulk De Enderby treats Johanna as chattel and sees her only as a source of a substantial dowry.
The response was the chattel house, sitting on blocks of cut coral stone.