Final answer:
Chattel refers to personal property, not real property like houses or land. It is especially known in the historical context of chattel slavery, where individuals were treated as movable property to be owned.
Step-by-step explanation:
The term chattel refers to b) Personal property. Chattel signifies a personal possession that can be moved and is not attached to real estate. The term is often used in the context of chattel slavery, where one person is owned by another. Chattel slavery was a type of slavery where individuals were treated as personal property that could be bought, sold, and inherited. This form of slavery stands in contrast to other types of servitude that were traditionally practiced, such as indentured servitude or debt bondage.