Business, Legal & Accounting Glossary
n. the appearance of having title to personal or real property by some evidence, but in reality there is either no title or a vital defect in the title. One might show a title document to real property, but in reality he/she may have deeded the property to another; a patent to an invention may have passed to the inventor’s widow, who sells the rights to one party and then, using the original patent documents, sells the patent to a second party based on this “color of title.
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This glossary post was last updated: 27th April, 2020 | 0 Views.