1555 Palm Beach Lakes Blvd Suite 1410

West Palm Beach, FL 33401

24/7 Customer Support

Same day response guaranteed

What Is a Personal Property? Definition, Uses and Importance.

Jump To Section

Copy the following HTML iframe code to your website:

Share This

Anything owed by a person that can be moved such as money, securities, jewelry, etc.

Personal property is often referred to as movable property, chattels, or movables. Due to the fact that it is considered an asset, a lender may evaluate it when someone applies for a mortgage or other loan.

Certain types of property, such as household appliances, apparel, and automobiles, decline in value over time. Other types, such as artworks and antiques, may gain value over time. Lenders may consider the entire current value of a borrower’s personal property in addition to the value of their real property when determining a borrower’s creditworthiness

« Back to Glossary Index

More Probate Resources

Search for more common probate terms

Get Your Inheritance Money Now!

Our Inheritance Cash Advances help heirs receive a portion of their inheritance payout in just a few days. We then wait and are paid directly out of your share when the estate finally closes. We wait for probate so that you don’t have to. Click below and fill out our short form to receive an advance immediately.

Probate Costs