U.S. legal term
In a legal context, chattel refers to personal property that is movable or tangible, often defined as movable goods that are not real estate.
Imagine something that is a physical thing you can own, like a piece of furniture or a car. In law, it means a movable item that belongs to someone and can be talked about in a lawsuit.
It matters because it defines the specific assets being discussed in a legal dispute, such as in a contract for sale or to establish the scope of personal property rights. It is crucial for defining what tangible items are subject to the terms of a legal agreement.
This page gives general U.S. legal information, not legal advice, and contract meaning can change by jurisdiction, industry, and clause wording.