What is the system of slavery where individuals are treated as property and can be bought and sold?

Chattel slavery is the term used to describe a system of slavery where individuals are considered property, which can be bought, sold, and traded like any other commodity. This type of slavery is typically characterized by the total control that slave owners exercise over the lives of their slaves, including their labor, personal relationships, and even their offspring, who are also born into slavery. This system differs significantly from other forms of servitude, which may involve contractual obligations where individuals agree to work for a specific time in exchange for some benefit, but do not lose their personal identity or rights in the same way. Chattel slavery has played a prominent role in history, particularly in the Americas and other regions, leading to profound social, economic, and cultural impacts that reverberate to this day.