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Webster's New World Finance and Investment Dictionary » clear title
clear title
clear title definition - finance
A
title that doesnÂ’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.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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