Tag: Legal Terms

A B C D E F G H I J K L M N O P R S T U

Chattels

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Chattels: Moveable items of property which are neither land nor permanently attached to land or a building. (Land or buildings are described as “real property”.) Chattels are also known as personal property (or personalty). A freehold property is not a chattel, but a leasehold is.


Claytons Case

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Clayton”s Case: This English case established a presumption that money withdrawn from an account is presumed to be debited against the money first deposited (first in, first out).