Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
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Title
A legal document for the owner that proves the rights to, and the ownership of property, such as ownership of a vehicle, or boat, or ownership of a piece of real estate (land, home). If you borrow money to get a car, the title will be held by the lender until the vehicle is paid off.
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