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Abstract of Title
Abstract of Title
abstract of title. A concise statement, usu. prepared for a mortgagee or purchaser of real property,
summarizing the history of a piece of land, including all conveyances, interests, liens, and encumbrances that
affect title to the property. Also termed brief.
good and merchantable abstract of title. An abstract of title showing clear, good, and marketable title,
rather than showing only the history of the property. See clear title, good title, and marketable title under
TITLE (2).