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Business Definition for: absolute title
Dictionary of Banking Terms
absolute title

clean title, free of liens or attachments, replacing all previous titles. Accepted as the sole document of title, it is defensible against claims by third parties.

Dictionary of Real Estate Terms
absolute title

a title that is clear, without any liens or judgments.

Example: Generally, absolute title is needed before a first mortgage will be granted.

See also clear title
Related Terms:
clear title

title that is clear of all claims or disputed interests. It is necessary to have clear title to a piece of real estate before it can be sold by one party to another. In order to obtain a clear title, it is usually necessary to have a title search performed by a title company, which may find various clouds on the title such as an incomplete certificate of occupancy, outstanding building violations, claims by neighbors for pieces of the property, or an inaccurate survey. Once these objections have been resolved, the owner will have a clear and marketable title.

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