title defect

title defect definition - business

title defect

A legal claim on property by someone other than the owner(s). For example, a person might claim to hold a lien on the property. A title defect affects an owner's ability to sell property. Compare clear 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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