Definition
A title so clear of defects that a buyer's lender will accept it without hesitation. It's the title equivalent of a perfect credit score.
Example Usage
The seller couldn't close until they obtained marketable title by clearing up the boundary dispute.
Origin
Descriptive term; a 'marketable' title is one buyers will accept without fear.
Fun Fact
Most properties don't have perfect marketable title, which is why title insurance exists to indemnify against title defects.
Source: Title Law and property standards
Related Terms
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See “Marketable Title” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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