title insurance
Definition from Nolo’s Plain-English Law Dictionary
Insurance issued by a title insurance company that protects a property buyer against loss if it is later discovered that title is imperfect -- that is, that someone else has a claim to the property or that the description on the deed is erroneous. (See also: title search)
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:25 pm