Any tangible property that is moveable or transferable. See also personal propertyand real property. chattel personal.Any moveable property, tangible personal property, or an intangible right in such property (such as a patent). Also called personal chattel. chattel real. Any interest in real property less than a freehold or a fee (such as an easement). Also called real chattel. chattel mortgage. A lien on assets other than real estate that secures a loan. chattel paper. A writing or writings...