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Perfect Title

 
Banking Dictionary: Perfect Title
 

Real estate Title free of Liens encumbrances, or other defects. Removing prior claims is a legal process known as perfecting a title, allowing sale or assignment to a second party. See also Cloud on Title; Quiet Title Action; Warranty Deed.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more

 

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