defective title |
Definition
Title to an asset or property impaired by publicly recorded defect, such as a claim, judgment, lien or other specific encumbrance. A defective title cannot legally convey the asset or property and thus makes it unmarketable. Also called bad title. See also cloud on title.
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defective title is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Real Estate & Buildings subjects.
defective title appears in the definition of the following term: bad title
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