Chattels

Chattels is one of those funny legal words which means simply 'the things you own'.

The legal definition of chattels is: property of any kind other than freehold land. In practice it will mean your moveable items such as furniture or personal possessions.

If you're the sort of person who goes out to dinner or cocktail parties, you can spot the lawyers, they use the word chattels in their 'social' conversation!

Go to Moneyextra's Mortgage Centre and Mortgage Comparison Service now.

Last Updated: May 2007 © Moneyextra.com

Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.