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...
Marketable title definition: a title to real property that is free from encumbrances, litigation, and other defects and that can readily be sold or mortgaged to a reasonable buyer or mortgagee.. See examples of MARKETABLE TITLE used in a sentence.
Under law, titles are evidence of ownership. Selling real estate (land and the property attached to it) involves transferring its title. A marketable title is one that can be transferred to a new owner without the likelihood that claims will be made on it by another party. The concept is ...
The meaning of TITLE is the distinguishing name of a written, printed, or filmed production. How to use title in a sentence.
marketable (ˈmɑːkɪtəbəl) adj 1. (Commerce) (of commodities, assets, etc) a. being in good demand; saleable b. suitable for sale 2. (Commerce) of or relating to buying or selling on a market: marketable value. ˌmarketaˈbility, ˈmarketableness n ˈmarketably...
Xxxxx Xxxxxxx and each member of theXxxxx Xxxxxxx Groupshall bear the economic and legal risk that the Xxxxx Xxxxxxx Assets shall prove to be insufficient or that the title of any member of theXxxxx Xxxxxxx Groupto any Xxxxx Xxxxxxx Assets shall be other than good and marketable and free from...
More Definitions ofMARKETABLE INVESTMENTS MARKETABLE INVESTMENTSmeans: (i) directobligations of the United States Governmentor any agency or instrumentality thereof maturing withinone yearfrom thedate of acquisition, and (ii)investment securitiesand funds that are: (1)publicly tradedon anational securities...
marketable title Marlebridge Marque and Reprisal marriage Marriage brokage Marriage portion Marriage settlement Marrying a foreigner Marshal Marshaling Assets and Securities Marshall Plan Marshall, John Marshall, Margaret Hilary Marshall, Thurgood marshalling ...
Recommended Lessons and Courses for You Related Lessons Related Courses Concurrent Estate Definition, Types & Examples Oil, Gas & Mineral Rights: Overview & Effects Extent of Ownership and Real Property: Air, Surface & Subsurface Marketable Title Definition, Importance & Examples ...
Legal Terms Similar to Clear Title Clouded title: A title with defects, liens or some form of ambiguity that can affect sale or transfer of the property. Abstract of Title: A brief history of the ownership and transfers of a property. Marketable title: A title that is free of defects and...