What term is used for personal property that is moveable, such as furniture and vehicles?

The correct term for personal property that is movable, such as furniture and vehicles, is chattels. This term specifically refers to tangible personal property that is not fixed to land and can be physically moved. The use of "chattels" in legal and auction contexts helps clarify the nature of the property being bought, sold, or dealt with, distinguishing it from real estate. This specificity is important during auctions, where understanding the type of property being transacted can affect bidding behavior and valuation.

The other terms have broader or different meanings. For example, commodities typically refer to raw materials or primary agricultural products that can be bought and sold, while goods generally encompass all products that can be sold, which may include both movable and immovable items. Items is a very generic term that can refer to any individual component or piece of property, lacking the legal specificity that "chattels" provides.