1. Property, chattels, effects, estate, goods refer to what is owned. Property is the general word: She owns a great deal of property. He said that the umbrella was his property. Chattels is a term for pieces of personal property or movable possessions; it may be applied to livestock, automobiles, etc.: a mortgage on chattels. Effects is a term for any form of personal property, including even things of the least value: All his effects were insured against fire. Estate refers to property of any kind that has been, or is capable of being, handed down to descendants or otherwise disposed of in a will: He left most of his estate to his niece. It may consist of personal estate (money, valuables, securities, chattels, etc.), or real estate (land and buildings). Goods refers to household possessions or other movable property, especially that comprising the stock in trade of a business: The store arranged its goods on shelves. 6. See quality.

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