Chattel

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • trailer home
  • mobile home
  • movable possession

Definition of Chattel

  1. An article of movable personal property. Chattel is not widely used in the English language today.

Related Terms and Acronyms

  • Floater Insurance Definition,
    • Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
  • Asset Definition,
    • Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
  • Chattel Mortgage Definition, Important,
    • A loan backed by movable personal property. Generally mobile or trailer homes.
  • Real Property Definition,
    • Permanent, non-movable property, such as land and buildings.
  • Loan Definition,
    • Letting another party use something of value temporarily.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Personal Property (PP) Acronym,
    • Property that is movable and not permanently attached to a dwelling or structure.
  • Mortgage (mtg) Abbreviation, Important,
    • A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
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