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merchantable title

noun, Law.

marketable title

noun, Law.
1.
a title to real property that is free from encumbrances, litigation, and other defects and that can readily be sold or mortgaged to a reasonable buyer or mortgagee.
Also called good title, merchantable title, sound title.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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