* Tangible items:
* Furniture
* Jewelry
* Vehicles
* Artwork
* Clothing
* Appliances
* Intangible items:
* Intellectual property (patents, copyrights)
* Stocks and bonds
* Accounts receivable
In essence, chattels are movable possessions, as opposed to immovable property like land and buildings.
Here are some additional points to note:
* Chattels are subject to ownership: They can be bought, sold, inherited, or gifted.
* They can be used as collateral: For example, a car can be used as collateral for a loan.
* They can be damaged or destroyed: Unlike real estate, chattels are more vulnerable to damage or destruction.
* The term "chattel" is often used in legal contexts: It is common in wills, contracts, and other legal documents.
Here are some examples of how "chattels" might be used in a sentence:
* "The will stated that all of the deceased's chattels would be distributed to their children."
* "The bank required the borrower to list all of their chattels as collateral for the loan."
* "The art collector's chattels were valued at millions of dollars."