Business, Legal & Accounting Glossary
n. generally, the title document for a motor vehicle issued by the state in which it is registered, describing the vehicle by type and engine number, as well as the name and address of the registered owner and the lienholder (financial institution that loaned money to buy the car). Since in some states these documents are usually pink, the certificate of title is sometimes called a “pink slip.
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This glossary post was last updated: 26th April, 2020 | 3 Views.