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clear title Finance Definition

A title that doesn’t have any liens or other legal problems that call into question the ownership of the property. The term may apply to real estate or to personal property such as cars. In real estate transactions, title searches are conducted by companies specializing in this service. After a title company has completed a search and found no problems, the title company offers insurance certifying that the title is clear. The term free and clear also may be used to mean that there is a clear title.

clear title Law Definition

See title.