Chattel

Chattel is a legal term for an item of movable personal property, distinguishing it from real estate (real property), which includes land and anything permanently attached to it. Essentially, if you can pick it up and move it, it's likely a chattel. This broad category encompasses a wide range of assets, from physical goods like furniture, vehicles, and livestock to intangible assets like intellectual property or shares in a company. Understanding the distinction between chattel and real property is crucial in areas like property law, wills, taxation, and secured transactions, as different rules often apply to each.