Real Estate

A term in the financial world which refers to personal property which can be moved is known as Chattel; it is also referred to as movable property. Jewelry, cars, and furniture are some examples of chattel.

The immovable property is opposite of chattel, like real estate and buildings, although of course buildings can be moved in some circumstances. By some people chattel is just referred to as a “personal property,” that differentiate it from things like real estate with the term “immovable property.”

From where the word Chattel is derived?

The word is derived from the Middle English chatel, and its meaning is “movable property.” It is related to the Old French chatel, and that means “cattle,” which is a reference to one of the most famous examples of any movable property of all time. For thousands of years humans have had chattel; probably for early humans movable property was the introduction to the concept of property, as people learned to make and use things, thereby they attached value to them. [click to continue…]

Tagged as: Chattel, financial assessments, human chattel, immovable property, inanimate chattel, movable property, personal property, Real Estate

{ 0 comments }