chattel interest


chattel interest
Any interest in land of less dignity than a freehold estate.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • chattel interest — noun : a legal interest in land less than a freehold estate * * * chattel interest, an interest in leasehold property …   Useful english dictionary

  • chattel — chat·tel / chat əl/ n [Old French chatel goods, property, from Medieval Latin capitale, from neuter of capitalis chief, principal see capital]: an item of tangible or intangible personal property; esp: chattel personal in this entry ◇ In some… …   Law dictionary

  • interest in property — In the broader sense of the term, ownership of a particular property, whether of the full or a lesser interest. More precisely, a right in or to property which is less than ownership or title, 29A Am J Rev ed Ins § 825. A right less than an… …   Ballentine's law dictionary

  • chattel paper — see paper Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chattel paper n. A …   Law dictionary

  • Chattel mortgage — Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable… …   Wikipedia

  • chattel — [chat′ l] n. [ME chatel < OFr: see CATTLE] 1. a) a movable item of personal property, as a piece of furniture, an automobile, or a head of livestock: in full chattel personal b) any interest in real estate less than a freehold: in full chattel …   English World dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • chattel mortgage — An interest that is given by one person in, say, a piece of property such as a piano to another person to secure a debt. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • chattel paper — A category of personal property defined by Article 9 of the UCC. Chattel paper is a document that includes both a monetary obligation and a security interest in goods or a lease. For example, installment sales contracts that include a retail… …   Financial and business terms

  • chattel real — noun (plural chattels real) : a chattel consisting of a right in land that is less than a freehold (as a lease or a growing crop) distinguished from chattel personal * * * chattel real, an interest or lease in land not amounting to a freehold …   Useful english dictionary


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