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marketable title |
Also found in: Legal, Wikipedia | 0.01 sec. |
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Marketable title A clear, reasonably incontestable title to a piece of real estate that is good for transaction purposes. Marketable Title Title to real estate where ownership is not disputed and documented so clearly that it is not disputable. Most of the time, property may only be sold if is has a marketable title. marketable title Clear title to real estate without any liens,encumbrances,or adverse claims such as would be considered defects. A power line easement is technically an encumbrance, but most would not consider it such an impediment as to prevent marketable title unless the property was zoned for residential use and the power line easement covered so much of the lot that property became unbuildable. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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