Chattel Legal Meaning and Definition

Here is a simplified definition of the legal term Chattel.

Chattel (noun)

A term of law referring to personal property which is movable. These can include physical items such as furniture, cars, and jewelry, but can also refer to intangible property, such as patents or trademarks. Unlike real property, which refers to assets like land or real estate, chattels are not fixed to a specific location.