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chattel

The Columbia Encyclopedia, Sixth Edition

chattel , in law, any property other than a freehold estate in land (see tenure ). A chattel is treated as personal property rather than real property regardless of whether it is movable or immovable (see property ). Certain uses of the term (e.g., chattel mortgage) refer only to movable property. Otherwise the term also includes chattels real, i.e., those estates in land that do not constitute a freehold.


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The Columbia Encyclopedia, Sixth Edition. Copyright 2008 Columbia University Press

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Timely Term.
; Less Than Freehold Estate: An estate or holding that has a predetermined time span, most commonly a leasehold. For example, a five-year lease on land is considered a less than freehold estate. Read more
RECENT DEVELOPMENTS IN CHINA'S SECURED LENDING SYSTEM
; ...Receivables and Measures for the Registration of Chattel Mortgage in China, the success of these regulations...2007 and Measures for the Registration of Chattel Mortgage (Chattel Mortgage Measures) issued by the State Administration... Read more
Sainsbury's grows its freehold estate.(news)
; ...shareholder's attempts to extract value from the company's property portfolio. This week it secured a deal that will increase its freehold estate, which was recently valued at 8.6bn [pounds sterling], buying the freehold rights to its Welwyn Garden City store, which... Read more
Regent Inns reorganises as profits set to be 'minimal' LEISURE.(Business)
; ...considered for sale and leaseback. Regent is looking at its entire freehold estate, he said. It is understood that most of the venues in the estate...considered for sale and leaseback. Regent is looking at its entire freehold estate Read more
Tesco sets up property venture ; Business News IN BRIEF
; Tesco has set up a 50/50 property joint venture with British Airways Pension Fund to realise [pound]445m from its freehold estate. The deal is part of a plan to realise up to [pound]5bn through a property sale and leaseback programme. Tesco pledged... Read more
Chelsfield buys London square
; ...Estates. Mr Bernerd said the pounds 48.5m acquisition of the Chesham Place Estate was "a rare opportunity to buy a complete freehold estate in Belgravia which last came on to the market more than 40 years ago". The deal is Chelsfield's second joint venture with... Read more
S&N plans 1.2bn pound RBoS deal
; ...said at its recent annual general meeting of shareholders that it was looking at ways to release capital from its extensive freehold estate. Industry sources at the weekend suggested that although the group is officially looking at all options, a deal with the... Read more
All Philippine Airlines privileges must also be enjoyed by Cebu Pacific, DoJ rules.(Main News)
; ...requesting confirmation for the exemption from payment of chattel mortgage registration fees imposed under Presidential Decree No...registration and payment of any applicable taxes of the chattel mortgage and other security documents to be constituted over the... Read more
Esanda court ruling provides warning on debt correction ways: while debt collectors can pursue a debtor with firmness, determination and civility, they must not resort to bullying, bluff tactics, misrepresentation or stand-over tactics.(News)
; ...monthly installments. Esanda took security in the form of a chattel mortgage over the vehicle. McPhee defaulted on his monthly repayments...notice demanding that McPhee cure the default under the chattel mortgage. McPhee did not cure the default so on 20 June, 2000 Esanda... Read more
Revised Article 9 and the PPSA - A comparison of the American and Canadian secured property legal regimes
; ...the price (which was not really security); the classic chattel mortgage under which the debtor conveyed title to specific goods...Columbia, for example, the PPSA repealed and replaced the Chattel Mortgage Act, the Sales of Goods on Condition Act, the Book Account... Read more

Related entries from encyclopedias, dictionaries, and thesauruses

chattel
chattel • battle , cattle, chattel, embattle, prattle, rattle, Seattle, tattle •fractal • cantle , covenantal, mantel, mantle, Prandtl •pastel • Fremantle • tittle-tattle • startle , stratal •... Read more
chattels
chattels All property of whatever kind, excluding freehold land and anything permanently affixed to freehold land. Interests in land (e.g. leaseholds) are chattels real. Chattels personal are all movable and tangible articles of property. Chattels include timber growing on land (whether freehold... Read more
chattel
chattel †property XIII; movable possession; property other than real estate XVI. — OF. chatel (cf. CATTLE ) :- medL. capitāle ; see CAPITAL 1 . Read more
chattel slavery
chattel slavery See SLAVERY . Read more
chattel
chat·tel / ˈ ch atl / • n. (in general use) a personal possession. ∎  Law an item of property other than real estate. See also goods and chattels . Read more

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