defective title

defective title definition - business

defective title

A title that, because of a flaw, fails to transfer ownership. The title may have a faulty property description or lack an element necessary for a good title.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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