title insurance

title insurance definition - finance
Insurance that protects a mortgage lender in the event that a problem is found with the title to a property. The insurance is written by a title insurance company, which conducts a thorough search of the title to find any liens, duplicate ownership claims, or any other problems before issuing title insurance. The title insurance remains effective until the property is resold.

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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