Outrageously Funny Word Dictionary :: Chattelization

👉 Chattelization is a concept in law that refers to the process of legalizing the ownership and use of personal property, such as homes, cars, or businesses. This means that individuals who own these properties can now legally transfer them to others for profit or inheritance purposes. In essence, chattelization allows individuals to take advantage of their properties by transferring them to someone else without having to go through the formalities of a real estate transaction. This can be particularly useful in situations where one person

chattelization