- chattel interest
- Any interest in land of less dignity than a freehold estate.
Ballentine's law dictionary. Anderson, W.S.. 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