CHATTEL Meaning and
Definition
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Chattel is a term commonly used in legal and financial contexts to refer to movable personal property or assets that are not classified as real estate or real property. It encompasses a wide range of items that can be physically touched, possessed, and have value. In the legal sense, chattel includes objects and goods such as furniture, vehicles, equipment, livestock, and inventory.
The classification of an item as chattel is usually determined by its mobility and the ability to remove it without causing damage to the property it is on. Additionally, certain intangible assets such as copyrights, patents, and intellectual property rights can also be considered chattel as they possess value and can be bought, sold, or owned.
Historically, chattel has been closely associated with the concept of property ownership, particularly during times when slavery was legal. In this context, chattel referred to individuals who were considered legal property and could be owned, bought, or sold as slaves.
The term "chattel" is derived from the Old French word "chatel," which originally meant movable personal property. Over time, its meaning expanded to encompass a broader range of movable assets. In the modern legal and financial landscape, the term chattel is crucial for distinguishing between immovable property like land and buildings and movable property that can be owned and transferred.
Top Common Misspellings for CHATTEL *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for CHATTEL
Etymology of CHATTEL
The word "chattel" comes from the Middle English term "chatel" or "catel", which in turn originated from the Old French word "chatel" meaning "property" or "goods". This Old French term ultimately derives from the Latin word "captale" meaning "livestock" or "cattle". In its early usage, "chattel" referred specifically to movable property, including livestock, but over time, its meaning expanded to encompass any personal possession that is not real estate.
Similar spelling words for CHATTEL
- cattle,
- chattily,
- chatter,
- Chatted,
- chapel,
- cheadle,
- Chadwell,
- charter,
- Cattell,
- shatter,
- shuttle,
- chatters.
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