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Chattel

usgb/ˈtʃætl/Volume
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Legal ContextPlay
Often used in legal situations to discuss personal property or assets. SlideThe will stated that all chattel should be divided among her children.
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Excludes Real EstatePlay
Remember, chattel does not include land or buildings, it's moveable property. SlideHer jewelry collection was her most valuable chattel.
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Secured LoansPlay
Chattel can be used as security for a loan, known as a chattel mortgage. SlideHe took out a chattel mortgage on his boat to finance his business.