What does the term "chattel" refer to in legal terminology?

The term "chattel" in legal terminology refers specifically to an article of personal or movable property. This definition encompasses a wide range of items that are not fixed to land or buildings, distinguishing them from real property, which includes land and anything permanently attached to it.

Chattel can include tangible personal property such as furniture, vehicles, and equipment, as well as intangible items in certain contexts. The concept is essential in legal discussions around property rights, ownership, and transactions involving personal property.

The other choices do not accurately capture the essence of what "chattel" means in legal terms. Options that suggest it refers to secured property, public trusts, or real estate holdings deviate from the core definition, which is focused squarely on personal and movable property. Thus, the correct answer highlights the specific nature of chattel as non-real property that is movable and personally owned.