title insurance

title insurance definition - business

title insurance

An insurance contract that protects a home buyer against financial losses caused by a defect in the title to the property. The cost of title insurance is a function of the value of the property.

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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