Marketable or merchantable title. Such a title as a court of equity would adopt as a sufficient ground for compelling specific performance of a contract to purchase. (Back to Terms list)
Title to property that is free of defects and that will legally be accepted without objection. Also known as perfect title, clear title, and marketable title.
If a vehicle has good title, it means the owner has the right to sell it, and that the vehicle is not subject to any third party ownership rights, e.g. hire purchase finance.