• To move or transfer something.
  • A formal written document that transfers title to property.

change of possession, handoff, transference, transfer

Related Terms and Acronyms

  • Abstract of Title (ab) Abbreviation,
    • A written history of all the transactions that bear on the title to a specific piece of land. An abstract of title covers the time from when the property was first sold to the present.
    AB is a common abbreviation for Abstract of Title when used in property listings and real estate classifieds.
  • Assignee Definition,
    • In the insurance industry, an assignee is someone who is assigned ownership of another person's insurance policy.
    • A person appointed to acquire (take) an item, such as a property.
  • Assignor Definition,
    • Bundle of Rights Definition,
      • A set of legal rights that an owner has regarding a property.
    • Lis Pendens Definition,
      • A legal document giving notice that an action or proceeding is pending in the courts which affects the title to the designated property.
    • Possession Definition,
      • Something that is owned.
      • The condition of having signed all the papers at closing and having received keys to the house.
    • Title Definition,
      • Evidence of a person's right to possession ownership of a property.
    • Transfer of Title (TOT) Acronym,
      • A document signed by the seller and purchaser transferring ownership, at which time the document is registered against the property.
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