good, merchantable abstract of title

good, merchantable abstract of title
An abstract showing a good title, clear from incumbrances, and not merely an abstract of matters of record affecting the title, made by one engaged in the business of making abstracts in such form as is customary, as passing current among persons buying and selling real estate and examining titles.
See also marketable title

Black's law dictionary. . 1990.

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  • good, merchantable abstract of title — An abstract showing a good title, clear from incumbrances, and not merely an abstract of matters of record affecting the title, made by one engaged in the business of making abstracts in such form as is customary, as passing current among persons …   Black's law dictionary

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