Title Binder

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • title insurance

Definition of Title Binder

  1. A form of insurance purchased to cover both the buyer and seller of property during the transfer of ownership. A title binder is a temporary form of insurance, intended to cover the property only while the sale is in process.

Related Terms and Acronyms

  • Title Definition,
    • Evidence of a person's right to possession ownership of a property.
  • Title Insurance Definition,
    • Insurance that covers title defects and ownership challenges on a property.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • 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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