Final answer:
The correct term for another name for personal property is 'chattel.' This refers to movable personal property, in contrast to immovable property like land or buildings.
Step-by-step explanation:
The term "personal property" is also known as chattel. Chattel refers to movable personal property as opposed to real property like land or buildings. While "collateral" often involves personal or real property pledged as security for a loan, "chattel" is the correct term that represents the concept of personal property.
"Garnish" usually relates to wages being taken by legal means to satisfy a debt, similar to a "writ", which is a formal order issued by a legal authority. Therefore, the correct answer for another name for personal property is chattel.