Outrageously Funny Word Dictionary :: Chattelizing

👉 Chattelizing is a concept in legal terminology that refers to the act of transferring property rights from one individual to another, often resulting in a change in ownership and title. This can be done through various means such as gift exchange or inheritance. In chattelizing, the transfer does not involve any physical possession or ownership of the subject matter being transferred. Rather, it involves the creation of a new legal entity that is granted rights over the subject matter. The transferee has no personal interest in

chattelizing