UK Accounting Glossary
personal as opposed to real property; any tangible movable property (furniture or domestic animals or a car etc)
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!
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This glossary post was last updated: 15th February 2020.