abstract of title

abstract of title. A concise statement, usu. prepared for a mortgagee or purchaser of real property, summarizing the history of a piece of land, including all conveyances, interests, liens, and encumbrances that affect title to the property.

— Also termed brief; brief of title. [Cases: Abstracts of Title

1. C.J.S. Abstracts of Title §§ 2–3, 5.]

good and merchantable abstract of title. An abstract of title showing clear, good, and marketable title, rather than showing only the history of the property. See clear title, good title, and marketable title under TITLE(2).

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词条贡献者

双语律师Jason，国内知名法学院民商法专业，擅长翻译有关体育博彩领域的法律文件。